06:08 AM EDT, 10/28/2026 (MT Newswires) -- Tern Plc (TERN.L) is investing $104,111 in unsecured convertible loan notes issued by British cybersecurity company Device Authority, using proceeds from its recent open offer. The British investment company said Wednesday the notes carry an 8% annual interest and can be converted into shares if Device Authority is sold, raises at least $5 million in a new funding round, or when the notes mature on June 30, 2027. Tern will retain its 26.6% stake in Device Authority, while its total investment in the company's loan notes will rise to 290,000 pounds.

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