Catenai PLC (CTAI), the AIM-quoted provider of technology and digital solutions, announce that it has made a further investment of £250,000 into Alludium Ltd, a developer of a no-code AI Agent Operating System. The Investment is part of a £1 million fundraising by Alludium at a pre-money valuation of £9 million, which will increase Catenai’s shareholding from approximately 13% to 16.1%. The Investment follows Alludium’s successful public-commercial launch, announced on 10 March 2026, with the funds to be used for marketing initiatives and to further enhance the Alludium platform.
Comment: American entrepreneur Victor Kiam liked his Remmington shaver so much, he bought the company. In the case of Catenai, it apparently likes “no code” Alludium so much it has followed on its investment. Shares of CTAI are well perched above a rising 50 day moving average at 0.24p, awaiting the big breakout through recent 0.33p resistance.
BSF Enterprise (BSFA) said the Equity Fundraise for £15m and proposed Capital Reorganisation has been mutually terminated between the parties and each party will seek to terminate all relevant agreements that formed part of the transaction. However the CLN of £300K will continue on the same terms but be extend for 12 months and then repaid in cash or the CLN noteholders have a right to convert over that period at next BSF capital raise price.
Comment: The recent history of BSFA could not have gone worse if it had been run by Sir Keir Starmer as CEO, Angela Rayner in charge of paying tax, and David “Mastermind” Lammy as legal advisor. One wonders if how the management here have managed to totally cock up what was actually a decent concept so badly.
Reabold Resources (RBD), the investing company focused on developing strategic gas projects for European energy security, announced a conditional issue of equity to a group of US-based strategic investors. The investor group, led by Rohan Oza, has committed to subscribe for a total of 1,900,000,000 new ordinary shares at a placing price of 0.1 pence representing the closing mid-market price on 12 March 2026, raising gross proceeds of £1.9 million. The net proceeds of the Subscription and the Fundraising will be used primarily to progress the key West Newton project, including the funding of both Reabold and Rathlin’s shares of the recompletion of the A-2 well, expected to take place in the coming months.
Comment: While there has been a strong turnaround in the RBD share price since December, it is still the case that the company was still waiting on the kind of grown up announcement it has delivered today to tell the market that its show is back on the road, and West Newton is on its way.
Transense Technologies plc (TRT), the developer of specialist sensing technologies, announced that it has secured a significant new contract as part of ‘DriveSense’, a project supported through the Advanced Propulsion Centre (APC) R&D programme led by global vehicle powertrain supplier Cummins Inc, to develop next-generation smart electric drive systems for heavy-duty zero-emission vehicles. The project, which is scheduled to complete in December 2026, has a total value of £2.99 million and is part-funded by the UK Government through the DRIVE35 Innovation Fund. Transense’s element of the project is valued at approximately £0.6 million.
Comment: While this is not the contract size of the year in terms of TRT’s share, it is significant enough to imply that we have a company which is prepared to fight back after the rug was pulled from the share price in the wake of last month’s interim results pie in the face.
Further to yesterday’s RNS, Prospex Energy PLC (PXEN), the AIM-quoted investing company focused on European gas and power projects, is pleased to confirm that its unsecured Convertible Loan Note (“CLN”) offering is now oversubscribed. Investors wishing to participate in the CLN offering can still do so, but must inform the Company by no later than 5 p.m. today, Friday, 13 March 2026, and can expect to receive a pro rata allocation. Depending on the quantum of final subscriptions, the Board may elect to increase the total size of the offering.
Comment: The new CEO has already managed to haul in market sentiment to the cause in such an effective way that the offering could be increased in size, something which will only add to the ongoing recovery at this company.
ATOME (ATOM), the world-leading low-carbon fertiliser developer and the UK’s only dedicated international industrial scale low-carbon fertiliser company, announced the signing of the debt financing documents with the Lenders for the US$420 million total debt package in respect of the US$650 million landmark, 260,000 tonnes-per-year, low-carbon fertiliser plant at Villeta, Paraguay. Definitive debt financing documents signed for the entire debt package of US$420 million. Signing of the definitive equity agreements projected to follow within 30 days. Recent world events highlight ATOME’s beneficial position as a stable producer of low-carbon fertiliser, independent of fossil fuels.
Comment: One of the main less known effects of the Iran war is the impact on the fertiliser market, something which the market has not fully appreciated yet. Therefore today’s relatively unappreciated announcement (so far) by ATOM, is as timely as it is significant.
Thruvision Group plc (THRU), a leading provider of walk-through security technology, today announced that the Greater Orlando Aviation Authority has awarded Thruvision a contract for five 81-Series systems to support aviation worker screening operations at Orlando International Airport, Florida. The total contract value is US$0.6 million (£0.4 million at current exchange rates), with equipment delivery expected by 31 March 2026.
Comment: THU remains one of those situations which is bubbling under as far as being perhaps the next small cap recovery / growth situation. While there is some way to go, the shares merit at least enough to go on the Watchlist.
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