Tern Share News (TERN)

Tern investee Device Authority wins five-year deployment contract

(Alliance News) - Tern PLC on Friday said its investee Device Authority Ltd secured a USD1.2 million contract for the expanded deployment of Device Authority's security platform.

AIM WINNERS & LOSERS: Orosur Mining drops on disappointing assays

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Tern portfolio company secures new contract valued at more than $1.2m

(Sharecast News) - Internet-of-Things investor Tern said on Friday that one of its portfolio companies had secured a new contract win valued at over $1.2m.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Scholium profit grows; Honye Financial loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Tern notes investee Wyld Networks' fundraise to speed growth

Tern PLC - investor focused on the internet of things - Says investee Wyld Networks AB has announced an equity fundraising of around SEK 7.3 million, or the equivalent of GBP580,000. Fundraise price is SEK12.03 per share. Says Wyld Networks' equity of 5.2 million shares will reduce from 49% to about 47% following the fundraise.

TRADING UPDATES: Nostrum profits of Brent price; Scottish ups dividend

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Tern shares fall after fundraise to secure position in investee firms

(Alliance News) - Tern PLC on Thursday said it had completed the retail offer part of its fundraise as it seeks a strong negotiating position in its investee companies .

TRADING UPDATES: Braveheart Investment ups stake in Aukett Swanke

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Tern assets under management decrease 'marginally'

(Sharecast News) - Technology investor Tern reported assets under management of £30.2m at the end of its first half on Friday - a "marginal decrease" from the £30.6m it recorded at the end of December.

Tern net asset value falls, half-year loss widens on global headwinds

(Alliance News) - Tern PLC on Friday said it was optimistic for the second half of 2022 as its net asset value fell and half-year loss widened in the first half on macroeconomic uncertainties.

IN BRIEF: Tern notes further FundamentalVR fundraise of USD20 million

Tern Plc - investor focused on the internet of things - Confirms that FVRVS Ltd - also known as FundamentalVR - has raised an additional USD20 million, which includes committed contingent funding yet to be received by FundamentalVR. Such funding will be at the same valuation as the FundamentalVR Series B second tranche and would not affect the book value of Tern's investment in FundamentalVR.

IN BRIEF: Tern notes FundamentalVR raises further GBP5 million

Tern Plc - investor focused on the internet of things - Says FVRVS Ltd - also known as FundamentalVR - closes a second tranche of its series B funding round, securing a further GBP5 million from a "new institutional investor". This comes after a GBP7 million fundraise at the end of May, with GBP1.2 million conversion of convertible loan notes. At that time, Tern converted GBP570,000 in loan notes, but did not participate in the second tranche. FundamentalVR has now raised GBP13.2 million total in the funding found.

Pires Investments notes portfolio firms' progress after takeover fail

(Alliance News) - London-based technology-focused investor Pires Investments PLC on Friday touted the progress of companies in its investment portfolio.

IN BRIEF: Pires takeover by Tern fails due to lack of necessary votes

Pires Investments PLC - London-based technology-focused investor - and Tern PLC - investor focused on the internet of things - On Thursday say that Pires held a court meeting and a general meeting in connection to its acquisition by Tern, which did not pass the voting threshold needed to approve the takeover.