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The latest update is out from Catenae Innovation Plc ( (GB:CTAI) ).
Catenai PLC announced that all resolutions were passed at its recent AGM, including a related party transaction and the issuance of additional equity. The company issued 500 million new ordinary shares and settled director fees through the issuance of 30 million shares. Additionally, Catenai issued shares to settle creditor liabilities and granted warrants to its broker and directors. The company also received shareholder approval for an investment in Alludium and is finalizing a subscription agreement. These actions are expected to impact the company’s operations, market positioning, and shareholder interests.
More about Catenae Innovation Plc
Catenai PLC is an AIM-quoted provider of digital media and technology services, specializing in IT solutions that address commercial challenges and create opportunities for clients. The company is increasingly incorporating AI into its platforms and has a team of experienced IT project managers and integrators who have deployed systems across corporate, government, and educational sectors.
Average Trading Volume: 50,633,135
Technical Sentiment Signal: Hold
Current Market Cap: £1.93M
For detailed information about CTAI stock, go to TipRanks’ Stock Analysis page.