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

Related Shares

More News

9 Feb 2024 20:24

TRADING UPDATES: ValiRx receives shareholder request for board change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

29 Sep 2023 19:31

EARNINGS: Ceiba celebrates NAV rise; Golden Rock suffers losses

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

6 Sep 2023 17:43

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 m...

22 May 2023 16:10

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