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Tern commits further funding to Device Authority

Monday, 14th January 2019
Internet of things company investor Tern said it had committed a further convertible secured loan of up to $400k to portfolio company Device Authority.

The funding would be provided in two tranches: $240k payable immediately, with the remaining 40% of the loan payable on 20 February if certain commercial milestones are met.

At 1:34pm: (LON:TERN) Tern Plc share price was -0.75p at 13.25p

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