Tern Plc is an investment company specialising in Internet of Things (IoT). The Company seeks to acquire or invest in companies, which have proven technology, a commercial track record, that can be grown substantially over a three-year period to maximise shareholder value.
The Company has announced a fundraise at a subscription price of 6.6p per Ordinary Share. This represents a discount of approx. 22% to the closing mid price on Thursday 10 August, 2017.
The Offer will be open until 5.00 p.m. on Sunday 13 August, but may be closed earlier if oversubscribed. The Fundraise is on the same terms for individual investors and institutions.
Dave Mutton, COO PrimaryBid said:
“The Internet of Things is a fascinating area and we are delighted to be helping to raise funds for a company that invests in this growing area of innovation.”