Catenai PLC Provides Update on Klarian Ltd Administration

Catenai PLC announced that an application for the appointment of an administrator for Klarian Ltd was filed on October 16, 2026, by Innovate UK Loans Limited. Catenai had previously extended a £450,000 unsecured convertible loan note facility to Klarian, which failed to meet a repayment deadline of July 1, 2026, for an outstanding balance of approximately £762,084. Catenai expressed disappointment over the situation, having been in discussions with Klarian about a potential extension and understanding that Klarian was seeking additional investment.