Tern Plc confirms no banking relationship with Silicon Valley Bank

TERN Plc

Tern Plc (LON:TERN), the company focused on value creation from Internet of Things (“IoT”) technology businesses, provides the following statement regarding Silicon Valley Bank and Silicon Valley Bank UK Limited.

Tern confirms that the Company has no banking relationship, or other financing arrangements, with SVB.

While Tern Plc continues to monitor the SVB situation and its effect on Tern’s portfolio companies, the Directors of Tern do not currently believe that any of the portfolio companies’ exposure to SVB will have a significant impact on the net asset value of Tern.

Further announcements will be made, as necessary and appropriate, in due course.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Tern strengthens strategic position ahead of AGM

Tern Plc (LON:TERN) is set to hold its Annual General Meeting on June 30, 2025. Key resolutions focus on crucial financial strategies for growth and shareholder value.

Tern FY 2024 Results: Core portfolio grows ARR, cuts costs by 30%

Tern Plc announces its audited results for 2024, highlighting significant progress in its disruptive IoT portfolio, and shares insights on delivering long-term shareholder value.

Tern Open Offer Oversubscribed at 114%

Tern Plc (LON:TERN) announces a successful Open Offer, with over 114% take-up from shareholders, raising £340,140 for its IoT technology initiatives.

Tern’s Bruce Leith appointed Executive Chairman of Purple Transform

Tern Plc (LON:TERN) enhances its strategic position as Bruce Leith steps in as Executive Chairman of Purple Transform Limited, driving growth in IoT investments.

Tern launches underwritten open offer to raise £340,140

Tern Plc has launched an underwritten Open Offer to raise £340,140 through the issuance of shares, benefiting qualifying shareholders with an attractive discount.

UK Technology Stocks in Demand as Investors Switch from US Tech

A combination of more attractive valuations, sector-specific innovation, and growth potential is drawing investors to UK-listed technology stocks.

Search

Search