Business
Alludium Further Investment, Warrants & Update
Catenai PLC has invested an additional £250,000 into Alludium Ltd, increasing its stake to 16.1% as part of a £1 million fundraising round for the AI Agent Operating System developer. Alludium, a pre-revenue company that reported a £33,000 loss for the year ended August 31, 2024, will use the funds for marketing and platform enhancement. Catenai also confirmed it has sufficient cash reserves for over 18 months and is reviewing its Bitcoin treasury policy. Separately, Catenai has been engaged for a new technology services project by Charlton Athletic Community Trust and has issued 100,000,000 warrants to Alludium founders exercisable at 0.3p. Disclaimer*
About this update from Catenai Plc
[{"type":"text","content":"\n\n13 March 2026\nCatenai PLC\n \n(\"Catenai\", the \"Company\")\n \nAlludium Further Investment\nCompany Update\nIssue of Warrants\nCatenai PLC (AIM: CTAI), the AIM-quoted provider of technology and digital solutions, is pleased to announce that it has made a further investment of £250,000 (the \"Investment\") into Alludium Ltd (\"Alludium), a developer of a no-code AI Agent Operating System.\nThe Investment is part of a £1 million fundraising by Alludium at a pre-money valuation of £9 million, which will increase Catenai's shareholding from approximately 13% to 16.1%. The Investment follows Alludium's successful public-commercial launch, announced on 10 March 2026, with the funds to be used for marketing initiatives and to further enhance the Alludium platform.\nAlludium is a pre-revenue company and its first full year results have been published and report a loss of approximately £33,000 for the year ended 31 August 2024.\nThe Investment will be made from existing cash reserves and Catenai confirms that it continues to have sufficient cash resources to cover corporate costs beyond the next 18 months from the date of this announcement.\nCompany Update\nFurthermore, Klarian Limited (\"Klarian\"), a company to which Catenai provided a £450,000 unsecured convertible loan note facility, will provide an update in early April 2026 and will be followed by a presentation via the Investor Meet Company platform. As announced on 5 January 2026, Klarian is due to repay Catenai the £624,250 under the convertible loan note agreement announced on 25 April 2024, and related fees by 31 March 2026, with an additional fee of £74,910 as part of an arrangement if the repayment was to occur after 28 February 2026.\nThe Company is also pleased to advise that its client, Charlton Athletic Community Trust, has engaged the Company to undertake a new technology services project. The Company will receive a modest cash fee for the project.\nSeparately, the Board is reviewing the Company's Bitcoin treasury policy, having not yet made any purchases, and will update the market in due course.\nIssue of Warrants\nFollowing the announcement of 10 March 2025, the Company has issued the 100,000,000 warrants over new ordinary shares in the Company to the founders of Alludium which are exercisable at 0.3p and may be exercised for a period of 18 months fr...