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Tern yet another discounted cash raise, significant dilution and more raises required

Tom Winnifrith
Tuesday 21 April 2026

This company has had more discounted fund raises than I have had inappropriate thoughts about Cheryl Cole. Well okay not quite that many but an awful lot. Today Tern (TERN) announced “an Open Offer to raise up to £643,609 (before expenses) through the issue of up to 107,268,195 Open Offer Shares at an Issue Price of 0.60 pence per share.”

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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