Tern raises £384,408 via an Open Offer
February 2026
Tern Plc is an LSE AIM listed London-based venture capital investor, investing in early-stage IoT start-ups.
In addition to capital, Tern acts as a strategic and operational partner to its portfolio companies, to help them scale into the EU and US markets.
All Tern partners have a wealth of global experience in scaling technology businesses, and they act as partners with their portfolio companies to support their growth prospects.
Open Offer
On 13 February 2026, the Company announced an Open Offer to raise up to £384,408 before expenses, through the issue of up to 96,101,957 Open Offer Shares at an Issue Price of 0.40p per Open Offer Share.
Having helped Tern with the production of the documentation for their previous fundraising in September 2025 and with the production of their annual report since 2015, the Perivan shareholder communications team was delighted to be appointed to produce the documentation, which included the provision of the Engage data room platform, which was utilised for the secure proof distribution.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader in the production of documentation relating to corporate finance transactions.