Ai Answer From Google Gemini4 Jun 2025 10:08
Yes, it appears Klarian has enough money to pay Catenai £567,000.
According to an RNS announcement by Catenai PLC on April 7, 2025, Klarian has advised Catenai that it intends to repay a convertible loan note and relevant fees, in total amounting to £567,500, by the end of June 2025.
Furthermore, a Klarian update on October 28, 2024, and April 7, 2025 (both referencing the same information) states that Klarian has recently raised approximately £660,000 at a pre-money valuation of approximately £10 million. This recent fundraise includes a successful Crowd Cube campaign.
While Klarian was previously loss-making (with a loss of approximately £1,400,000 for the year ended December 31, 2022, and negative net current assets of approximately £540,000 as of March 31, 2024), the recent fundraising indicates an improved financial position that should enable them to make the repayment to Catenai.