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Catenae Innovation Plc ( (GB:CTAI) ) has provided an update.
Catenae Innovation Plc announced a proposed share issue and a notice of a General Meeting to address a previous misstatement regarding the number of new ordinary shares to be admitted to trading on AIM. The corrected figure is 299,999,999 new ordinary shares, with the total number of shares to be admitted remaining unchanged at 457,142,856. This move is part of a larger fundraising effort, expected to raise up to £1,600,000 through a combination of placing and subscription of shares. The General Meeting is scheduled for 15 July 2025, where shareholders will vote on resolutions to authorize the share issue and disapply pre-emption rights. This development is significant for Catenae as it aims to strengthen its financial position and support future growth initiatives.
More about Catenae Innovation Plc
Catenae Innovation Plc is an AIM-quoted provider of digital media and technology services. The company has a skilled IT team specializing in project management and system integration across corporate, government, and educational sectors.
Average Trading Volume: 89,894,590
Technical Sentiment Signal: Hold
Current Market Cap: £3.42M
Find detailed analytics on CTAI stock on TipRanks’ Stock Analysis page.