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Tern Sells 50 Million Shares

MT Newswires·07/15/2026 03:13:22
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03:13 AM EDT, 07/15/2026 (MT Newswires) -- Tern (TERN.L) raised 450,000 pounds sterling from the placement of 50 million shares, according to a Wednesday filing. The technology investment company earmarked net proceeds from the share sale for a potential convertible loan investment in portfolio company Talking Medicines Ltd., as well as for general corporate expenditures.