Klarian CLN Update
Catenai extends Klarian convertible loan redemption date to 30 June 2025; Klarian raises $250,000.
- Convertible loan note facility to Klarian £450,000
- Funding raised by Klarian $250,000
- Klarian pre-money valuation approximately £10 million
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that it has signed an addendum to the CLN with Klarian Ltd ("Klarian"), a company in which Catenai provided a £450,000 unsecured convertible loan note facility as per the announcement of 25 April 2024.
Given Klarian's ongoing negotiations with potential customers and other investors, Klarian and Catenai have agreed to extend the redemption date of the CLN from 31 December 2024 to 30 June 2025.
Klarian has raised $250,000 at a pre-money valuation of approximately £10 million from a single new investor who has significant industry experience.
The Company continues to carefully manage its working capital position.
Caution regarding forward looking statements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.