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Fidia Spa ( (IT:FDA) ) has provided an announcement.
Fidia has strengthened its financing arrangement with Global Growth Holding Limited, as the investor subscribed the seventh tranche of the company’s reserved convertible bond with warrants, taking up 25 bonds for a nominal €250,000 and receiving 25 million new warrants exercisable over 60 months. The deal, alongside the conversion of three bonds from the previous tranche into 3.75 million new shares, lifts subscribed POC funding to €1.75 million, partially increases share capital to about €11.33 million and expands the share count to 109.46 million, further diluting equity but reinforcing the company’s capital structure to support its growth in advanced milling technologies.
More about Fidia Spa
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a global leader in numerical control technology and high‑performance integrated milling systems. With over 50 years of experience and around 135 employees, it serves primarily the automotive mould and aerospace sectors, offering numerical controls, high‑speed milling machines and CAM software that cover the full milling process, from programming to finished part.
YTD Price Performance: -91.67%
Average Trading Volume: 3,117,932
Technical Sentiment Signal: Strong Sell
Current Market Cap: €572.2K
Learn more about FDA stock on TipRanks’ Stock Analysis page.