Catenai PLC (AIM:CTAI) shares shot up over 70% in Monday’s early deals as it told investors that its investee Klarian Ltd, is set to repay loan notes to the company by the end of June.
The nano-cap AI firm said it will receive £567,500 from Klarian in repayment and fees, from £450,000 of CLNs issued in 2024.
Catenai said it will consider deploying these funds into new AI opportunities.
In London, Catenai was up 53% at 25p – having traded up to 30p in earlier trade.