Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money