Tern Plc’s Strategic Warrant Exercise in Wyld Networks

Tern plc (GB:TERN) has released an update.

Tern Plc, an investment company focused on early-stage IoT businesses, has announced the successful exercise of approximately 91% of TO4 warrants by Wyld Networks AB, resulting in approximately £0.5 million in funds for Wyld Networks. Tern exercised its own warrants to acquire additional shares, now holding roughly 19.9% of Wyld Networks’ enlarged share capital, a slight decrease from their previous 22.5% holding.

For further insights into GB:TERN stock, check out TipRanks’ Stock Analysis page.