Catenai PLC (LSE:CTAI) has agreed a further extension with Klarian Ltd regarding the repayment of a £450,000 unsecured convertible loan note facility. Under the revised terms, Klarian is now required to repay a total of £624,250, inclusive of associated fees, by 31 March 2026.
The agreement also provides for an additional extension fee of up to £74,910, depending on when repayment is ultimately made. Alongside the extension, Catenai has announced plans to host an investor webinar featuring Klarian’s chief executive officer. The session is intended to introduce Klarian’s business model, outline its progress during 2025 and underline the strategic relevance of the investment to Catenai’s wider portfolio, reflecting continued engagement with shareholders.
Catenai’s overall outlook remains weighed down by substantial ongoing losses and continued cash outflows, despite signs of improving revenue and a simplified balance sheet, including the absence of debt and positive equity. Technical indicators are broadly weak to neutral, while valuation remains difficult to assess given negative earnings and the lack of dividend support.
More about Catenae Innovation Plc
Catenae Innovation Plc is an AIM-listed provider of digital media and technology services. The group delivers integrated IT systems to corporate, government and education clients, drawing on an experienced team of project managers and system integrators to support a wide institutional customer base.
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