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Tern plc ( (GB:TERN) ) just unveiled an update.
Tern Plc has announced that Sure Ventures PLC, in which it holds a 2.7% stake, is set to receive a £1.52 million cash inflow from the sale of its investment in Visibility Blockchain Limited, a cybersecurity company specializing in data visibility and control. This sale, made to Forcepoint, represents a significant return on investment for Sure Ventures and will be used to pay down debt, maintain working capital, and potentially distribute dividends to shareholders, signaling a positive financial position and future prospects for the company.
More about Tern plc
Tern Plc is an investment company focused on supporting high-growth, early-stage businesses in the Internet of Things (IoT) technology sector.
YTD Price Performance: -14.29%
Average Trading Volume: 3,190,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.53M
For an in-depth examination of TERN stock, go to TipRanks’ Stock Analysis page.