05:55 AM EDT, 09/23/2026 (MT Newswires) -- Tern (TERN.L) received valid acceptances for 50,906,910 shares, representing 90% of total shares available under its underwritten open offer launched on Sept. 7. The Internet-of-Things technology investor added that underwriter CMC Markets UK will subscribe for the remaining 5,689,570 open offer shares, according to a Wednesday filing. The offer comprised a total of 56,596,480 shares. The shares will be issued at 0.009 pound sterling apiece, generating 509,368 pounds for the company.

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