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Catenai stock surges as investee Alludium launches platform

ALN

Catenai PLC on Tuesday announced the launch of investee Alludium Ltd’s artificial intelligence agent operating system platform.

Alludium extends autonomous AI agent capabilities to teams and organisations, as well as individuals, Catenai said. This will give clients ‘the platform and tools to build, deploy and collaborate with custom AI agents that automate tasks and workflows across the tools they use every day.’

Catenai said the launch marks a significant progression in Alludium’s development journey, with the platform being publicly accessible for the first time.

The company previously announced in April that, following Allodium’s commercial launch, it would issue warrants over 100.0 million new shares exercisable at 0.3 pence per share for 18 months.

Shares in Catenai were trading 52% higher at 0.29p each on Tuesday afternoon in London.

‘Alludium’s launch represents the delivery of a commitment we’ve been building toward since our initial investment,’ commented Catenai Chief Executive John Farthing. ‘We’re proud to see the team reach this milestone and look forward to supporting their continued growth.’

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