Catenae Continues Funding Discussions As Insolvency Fears Mount

(Alliance News) - Catenae Innovation PLC said Friday it is continuing discussions with several ...

Alliance News 24 January, 2020 | 1:49PM
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(Alliance News) - Catenae Innovation PLC said Friday it is continuing discussions with several parties to secure immediate funding of up to GBP100,000 through a placing or short term debt.

Catenae said its working capital remains weak, and should it be unable to secure funding, the company may need to consider starting insolvency proceedings.

Shares in the digital media firm were 18% lower at 0.66 pence on Friday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Catenae Innovation PLC 0.34 GBX -21.18 -

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