Catenai PLC Announces Proposed Investment in AI Company Alludium
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. As a result, the sentiment score is set to 'NEUTRAL'.
Key Points
- Proposed £500,000 investment in Alludium, an AI software company
- Raised £750,000 through a placing and subscription
- Intends to invest a further £450,000 in Alludium, subject to additional funding
- Issue of warrants to Alludium's founders and broker Shard Capital Partners
Summary
Catenai PLC has announced a proposed investment in Alludium Ltd, an AI software company, for £500,000. The company also raised £750,000 through a placing and subscription. The fundraise will be used to support the investment in Alludium, which is a pre-revenue company developing a Multi-Agent AGI platform. Catenai intends to invest a further £450,000 in Alludium, subject to additional funding. The company will also issue warrants to Alludium's founders and its broker, Shard Capital Partners.