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Tern plc ( (GB:TERN) ) has issued an announcement.
Tern plc announced the results of its underwritten Open Offer, which was oversubscribed with valid acceptances for 38,772,443 shares, representing a 114% take-up of the 34,013,989 shares available. This successful offering is expected to raise approximately £340,140 before expenses, enhancing the company’s financial position and potentially strengthening its market presence.
More about Tern plc
Tern plc is a company focused on value creation from Internet of Things (IoT) technology businesses.
Average Trading Volume: 2,253,852
Technical Sentiment Signal: Sell
Current Market Cap: £6.36M
For an in-depth examination of TERN stock, go to TipRanks’ Stock Analysis page.