Catenai PLC - London-based digital media and technology company - Raises £750,000 through the issue of 500 million shares at 0.15 pence per share conditional on approval of shareholder authorities and share capital reorganisation which will be sought at the forthcoming Annual General Meeting. The AGM is expected to occur in early May 2025. In addition, Catenai plans to invest £500,000 in Alludium Ltd, a software company which has developed a multi-agent artificial general intelligence platform for AI automation of processes and solutions for productivity. Intends to invest a further £450,000 into Alludium subject to receipt of funds from Klarian Ltd per the announcement of April 7 or a further fundraise. While the company intends to progress the second Investment, there is no certainty that it will proceed.
Current stock price: 0.17 pence, down 11% in London on Friday
12-month change: down 43%
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