Repayment of Loan & Issue of Warrants
Catenai PLC announced on 4 November 2025 the full repayment of its £100,000 working capital loan on 31 October 2025. This loan was provided by a small group of lenders, including substantial shareholder Sanderson Capital Partners Limited. In accordance with the loan terms, the company issued an aggregate of 33,333,334 warrants over new ordinary shares. These warrants are exercisable at 0.3 pence per share from the date of issue until 31 October 2027. The debt repayment improves the company's financial position, but the significant number of warrants issued at a low exercise price introduces potential future share dilution.
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Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces that further to the announcement on 14 January 2025, the £100,000 working capital loan was repaid in full on 31 October 2025. The loan was provided by a small group of lenders, including Sanderson Capital Partners Limited, a substantial shareholder in the Company and related party.
In accordance with the terms of the working capital loan, in aggregate 33,333,334 warrants over new ordinary shares in the Company have been issued to the lenders, exercisable at a price of 0.3 pence per share from the date of issue until 31 October 2027.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.