Tern launches a fully underwritten £509,368 open offer at 0.90p
Tern announced an open offer on 7 September 2026, targeting approximately £509,368 before expenses. Main terms The offer comprises 56,596,480 shares at 0.90p, on the basis of one new share for every 16 existing shares held by qualifying shareholders at the record date. The price is 25% below the 1.20p closing middle-market price on 4 September. CMC Markets UK underwrites the offer in full and will subscribe for shares left untaken. Timetable and dilution Acceptance closes on 22 September, with a
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