RE: Tern RNS25 Apr 2024 14:22
“The net proceeds of the Placing will be used to provide the Company with funds to invest in Wyld Networks, through the exercise of warrants held by the Company, and to invest further in one or more of Tern's portfolio companies and for general corporate purposes. Further announcements will be made by the Company in due course as appropriate.”
From the wording they seem to have atleast one specific investment in mind other than Wyld.