Klarian update
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, provides an update on Klarian Ltd ("Klarian"), a company in which Catenai had provided a £450,000 unsecured convertible loan note facility ("CLN") as per the announcement 25 April 2024.
In the last couple of months, Klarian has raised approximately £660,000 at a pre-money valuation of approximately £10 million. Part of this was raised on its recent successful Crowd Cube campaign which brought new shareholders to Klarian.
Klarian has advised that a significant shareholder, Mr Donald Ross, is expected to shortly be joining its board as a Non-Executive Director. Mr Ross invested in the recent round. Mr Ross was a senior VP at SLB (Schlumberger) (NYSE:SLB) which is a global technology company.
The CEO of Klarian, Rob Clegg, commented "We are delighted that Donald is joining our board following this recent fundraise. He brings great experience in the oil sector which will compliment our existing experience in the water sector as well as pipelines generally. Klarian is now poised for significant growth in 2025."
Caution regarding forward looking statements
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