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:

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.

Tern updates on Sure Ventures’ £1.52 million sale of Getvisibility

Tern Plc highlights Sure Ventures PLC's strategic sale of Getvisibility, anticipating a £1.52 million cash inflow to enhance shareholder value and support growth.

Tern portfolio company Device Authority partners with Microsoft and CyberArk

Tern Plc announces Device Authority's partnership with Microsoft and CyberArk to enhance IoT security in manufacturing, aligning with NIST's latest framework.

Tern raises £221,154 to support its investment in SVV2

Tern Plc raises £221,154 through a share placing to boost investment in IoT tech, enhance its portfolio, and fund general corporate needs.

Best UK Technology Stocks 2025: SaaS, AI, IoT and more

Explore top UK technology stocks poised for growth in 2025, from telecom solutions to IoT and iGaming innovators, capturing investor interest and driving innovation.

Tern highlights IoT innovation in portfolio company presentations

Tern Plc, a leader in IoT investments, showcases innovations from Device Authority, FundamentalVR, and more, highlighting UK firms' global potential.

Search

Search