Tern PLC: Wyld Networks Limited issues £1.1m of Convertible Loan Notes to Tern to replace existing Cash Flow Loan and announces new agreement
Retrieved on:
Wednesday, May 20, 2020
HHVL is an independent company with a collaboration agreement with NHS Highland for the purpose of developing innovations in healthcare.
Key Points:
- HHVL is an independent company with a collaboration agreement with NHS Highland for the purpose of developing innovations in healthcare.
- The Board of Tern believes that Wyld's technology may also have broader applications in helping other businesses get back to work.
- By converting the cash flow loan monies due to Tern into the CLN, Tern is providing Wyld with balance sheet stability."
- This conversion would take place at a 20% discount to the Wyld equity fundraise price or the exit price per Wyld share.