(Alliance News) - London-based 'internet of things' technology investor Tern PLC on December 23 announced the completion of tranche two of the Device Authority Ltd fundraising. Read More
Tern PLC - London-based 'internet of things' technology investor - Says it has invested GBP175,000 into Sure Ventures PLC shares, to be issued as part of a Sure Venture placing for up to around GBP275,000. Tern will acquire 213,414 shares in the venture capital fund specialising in early-stage software companies at 82 pence each, in line with the mid-market closing price of Sure Ventures' shares on December 31. Tern will hold around a 2.7% stake in Sure Ventures after shares have been admitted to the London Stock Exchange on January 8. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Tern PLC - London-based investor focused on internet-of-things technology companies - Says the subscription period for its TO4 warrants has completed. Around 91% of the outstanding TO4 warrants were exercised, providing SEK6.4 million, GBP500,000, to Wyld Network AB. As previously announced, Tern has exercised 245,699 TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK1.83 per share for a total cost of around GBP33,400. Following Tern's exercise of the warrants, the company holds 4.1 million shares in Wyld Networks, representing around 20% of its issued share capital. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Tern PLC - London-based 'internet of things' technology investor - Raises GBP420,000 via placing 17.5 million shares at 2.4 pence each. The placing price represents a 31% discount to the company's closing price of 3.48p on Thursday. Tern will use the funds to invest in Wyld Networks AB and to invest in at least one more investee, as well as for general corporate purposes. Read More
(Alliance News) - Tern PLC on Tuesday announced that one of its investee company's had a strong start to the year. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Tern PLC - London-based investor in early-stage 'internet of things' technology businesses - Announces completion of a USD2.0 million equity investment in Device Authority Ltd by Mercato Partners, a Utah-based private equity firm. Device Authority is a California-based provider of identity and access management solutions for the internet of things in which Tern now holds a 32% stake, changed from 36% prior to this update. The USD2.0 million equity adds to an originally planned USD7.3 million fundraising announced by in December. Per the December announcement, Device Authority would receive USD7.0 million from Ten Eleven Ventures in new equity investment, and USD300,000 from Alsop Louie Capital 3 LP via conversion of short term loans. The fundraise is intended to provide Device Authority with "sufficient funding to enable it to grow in line with its strategy beyond the end of 2024", Tern says. Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Tern PLC on Wednesday said it has raised GBP400,000 through a placing of shares. Read More
Tern PLC - London-based investor in early-stage 'internet of things' technology businesses - Completes tranche one of its Device Authority Ltd fundraise. Through tranche one, Device Authority has received USD4.0 million. Says a further announcement will be made after it has completed its second tranche, totalling USD3.3 million. Trance two is dependent on approval under the National Security & Investment Act. Read More
(Alliance News) - Tern PLC said on Wednesday that Device Authority Ltd is aiming to raise up to USD7.3 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Tern PLC - Investor specialising in supporting early-stage 'internet of things' technology businesses - Confirms that 75% of its holding in InVMA Ltd, which trades as Konektio, has now been transferred to a valueless class of deferred shares. Further, Bruce Leith has stepped down from the Konektio board as Tern's representative. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Tern PLC shares dropped on Wednesday morning, as it said it has decided not to invest further in its portfolio company InVMA Ltd, which trades as Konektio. Read More