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An announcement from Fidia Spa ( (IT:FDA) ) is now available.
Fidia S.p.A. announced the signing of a side-letter with Global Growth Holding Limited to clarify the rounding mechanism for the conversion price of shares related to their convertible bond loan. This adjustment ensures the continuity of their investment agreement by preventing a zero conversion price outcome, while keeping other contractual terms unchanged. The clarification has been reviewed and approved by Fidia’s Related Parties Committee to maintain the validity of the transaction without altering its economic value.
More about Fidia Spa
Fidia S.p.A., headquartered in San Mauro Torinese, is a leading provider of high-performance integrated milling systems, primarily serving the mold industry within the automotive and aerospace sectors. The company specializes in numerical controls, high-speed milling systems, and CAM software, boasting over 50 years of experience and around 148 employees, making it one of the few companies capable of delivering comprehensive solutions from machining programs to finished products.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €570.1K
For a thorough assessment of FDA stock, go to TipRanks’ Stock Analysis page.
