Tern plc (GB:TERN) has released an update.
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Tern Plc, an IoT technology investment company, reported a decrease in net asset value to £10.7 million in the first half of 2024, primarily due to a drop in share price of Wyld Networks. Despite this, the company’s portfolio companies showed progress, with Device Authority, FundamentalVR, and Talking Medicines all achieving growth and development milestones. Tern is actively managing its investments and has announced an open offer to raise additional funds to support its portfolio.
For further insights into GB:TERN stock, check out TipRanks’ Stock Analysis page.