TRADING UPDATES: Cindrigo seeks Croatian exploration licence extension
8th Mar 2024 20:03
(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
(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
(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move. 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 on Wednesday reported an increased loss as the valuation of the portfolio contracted. Read More
(Alliance News) - Tern PLC on Thursday announced a number of changes to its board in a bid to cut costs, including Chief Financial Officer Sarah Payne leaving to take up a position at another company. Read More
(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England. Read More
(Alliance News) - Tern PLC on Friday reported that its portfolio company Wyld Networks AB signed an agreement with Space Exploration Technologies Corp, a spacecraft engineering company led by Elon Musk. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Pires Investment PLC on Wednesday said net asset value per share decreased, and it swung to a loss in a "testing" year for the small-cap listed companies in which it invests. Read More
Tern PLC - Investment company specialising in supporting early-stage internet of things technology businesses - Signs loan facility agreement of up to GBP3.0 million with unnamed investor, which will be available for up to 36 months. Says the facility provides an initial drawdown of GBP500,000, which it has already drawn down, with further drawdowns subject to the conditions of the facility. Terms include a monthly interest rate of 1.0%, starting from the date of the drawdown. Read More