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Catenae Continues Funding Discussions As Insolvency Fears Mount

Fri, 24th Jan 2020 13:49

(Alliance News) - Catenae Innovation PLC said Friday it is continuing discussions with several parties to secure immediate funding of up to GBP100,000 through a placing or short term debt.

Catenae said its working capital remains weak, and should it be unable to secure funding, the company may need to consider starting insolvency proceedings.

Shares in the digital media firm were 18% lower at 0.66 pence on Friday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Catenae sees no material impact as Hyperneph ceases trading

Catenae Innovation PLC - London-based digital media and technology provider using blockchain technology to support clients with operations and staff management - Announces that its 51% subsidiary Hyperneph Software Ltd has ceased trading due to losses incurred. Hyperneph provided technology services to the company. Stresses this will have no material impact as the investment has been fully impaired. It does not have any impact on Catenae's ability to provide services to its existing and future clients. Continues to carefully manage its working capital position.

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TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

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CORRECT: Revolution changes deferred consideration instalment amount

(Correcting the announcement date.)

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TRADING UPDATES: Revolution changes deferred consideration amount

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21 Feb 2023 14:48

IN BRIEF: Catenae receives payment for Shetland Space Centre order

Catenae Innovation PLC - London-based digital media and technology provider using blockchain technology to support clients with operations and staff management - Says it received a contract balance payment in February for August 2021 order from Shetland Space Centre Ltd, which is a satellite launch site and ground station in Unst, Shetland. This was part of a three phase project deliver a digital dashboard solution to enable Shetland Space Centre to monitor live satellite operations remotely from anywhere in the world. A subsequent phase was announced in May last year, with Catenae receiving a purchase order for GBP95,000, of which the first half of payment was received in July, with the whole contract fulfilled in December before the recent contract balance payment.

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30 Sep 2022 12:02

Catenae Innovation resumes trading after publishing delayed report

(Alliance News) - Catenae Innovation PLC on Friday resumed trading on AIM after publishing its delayed financial report for 2021.

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LONDON MARKET OPEN: Stocks rise on UK GDP; housebuilders lead FTSE 100

(Alliance News) - Stock prices in London opened higher on Friday, lifted by an unexpected upward revision to UK gross domestic product figures, revealing unexpected second-quarter growth.

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2 Sep 2022 12:54

IN BRIEF: Catenae Innovation submits counterclaim against Hyperneph

Catenae Innovation PLC - Newcastle-based digital media and technology company - Submits a counterclaim of GBP290,000 against claims made by minority shareholders in its subsidiary Hyperneph Software Ltd. Adds it will continue to defend against the claim.

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30 May 2022 14:57

Catenae announces orders as shares remain suspended

(Sharecast News) - Digital media and technology company Catenae Innovation updated the market on its trading on Monday, reporting that it received a purchase order for £95,000 from an existing customer to provide "further digital technology solutions".

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17 May 2022 15:55

Catenae faces GBP49,875 claim from subsidiary Hyperneph Software

(Alliance News) - Catenae Innovation PLC on Tuesday said it had received a claim from certain minority shareholders in its subsidiary undertaking, Hyperneph Software Limited.

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