RE: π Lowest MCAP AI stock on AIM π Level 2 keeps moving up7 Apr 2025 10:06
Catenai (CTAI), the AIM quoted provider of digital media and technology, updated on Klarian Ltd, a company to which Catenai provided a Β£450,000 unsecured convertible loan note facility as per the announcement of 25 April 2024. Klarian has advised Catenai that it intends to repay the CLN and relevant fees, in total amounting to Β£567,500, by the end of June 2025. The Company will explore the possibility of deploying these funds into new and exciting AI opportunities.
Comment: It must be very satisfying for a company to get paid back on a CLN plus extras, something which underlines the merits of the investee in its own right, and the loan in the first place. The question now is perhaps what CTAI is going to do with all the cash swilling around in its coffers?