Klarian update
Klarian to repay £567,500 convertible loan note by end June 2025; Catenai to explore AI opportunities with proceeds.
- Klarian CLN repayment amount £567,500
- Original CLN facility £450,000
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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 to which Catenai provided a £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 £567,500, by the end of June 2025. The Company will explore the possibility of deploying these funds into new and exciting AI opportunities.
This follows a positive period for Klarian which has included the Exeter Science Park's AI Innovation Event in March 2025, which brought together speakers from across the world of technology, from Intelligent AI to NVIDIA.
Klarian will present at the 2025 Banff Pipeline Workshop held in Alberta, an interactive forum that brings pipeline industry members, regulators, academics, and vendors together to share their knowledge and experience in the Kinnear Centre from the 7th to the 10th of April.
Klarian's team will present a talk titled Enabling Proactive Geohazard Management as part of the Thurber Experience Room, focused on the innovations that make Orkus the new standard for geohazard management software.
Caution regarding forward looking statements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.