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Catenai PLC Announces Warrant Exercise and Share Capital Restructuring

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Catenai PLC Announces Warrant Exercise and Share Capital Restructuring

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Catenae Innovation Plc ( (GB:CTAI) ) has shared an announcement.

Catenai PLC has announced the exercise of a warrant for 12,000,000 new ordinary shares at 0.3 pence per share, generating £36,000 in proceeds. The new shares will be admitted to trading on AIM, increasing the company’s issued share capital to 406,574,451 ordinary shares. This development is part of a larger restructuring plan that includes a share capital sub-division and other financial adjustments, potentially impacting shareholder interests and the company’s market positioning.

More about Catenae Innovation Plc

Catenai PLC is an AIM quoted provider of digital media and technology services, with a skilled IT team specializing in project management and system integration across corporate, government, and educational sectors.

YTD Price Performance: 97.73%

Average Trading Volume: 45,030,786

Technical Sentiment Signal: Hold

Current Market Cap: £1.72M

For a thorough assessment of CTAI stock, go to TipRanks’ Stock Analysis page.

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