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Catenae Innovation Plc ( (GB:CTAI) ) has issued an announcement.
Catenai PLC has completed a £450,000 investment in Alludium Ltd, acquiring approximately 13% of its issued share capital. This investment supports Alludium, a pre-revenue technology company, as it progresses towards its commercial launch. The funding will accelerate Alludium’s development roadmap, and Catenai’s involvement is seen as a validation of Alludium’s vision and progress. This strategic move positions Catenai to work closely with Alludium as it advances from stealth development to a full product launch, potentially enhancing its industry standing and stakeholder value.
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 increasingly focuses on incorporating AI into its platforms and has a skilled IT team that has deployed systems across corporate, government, and educational sectors.
Average Trading Volume: 74,711,272
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.35M
Find detailed analytics on CTAI stock on TipRanks’ Stock Analysis page.