Fidia expands share capital as GGHL converts bonds into 15 million new shares

Fidia Spa ( (IT:FDA) ) just unveiled an update.

Fidia S.p.A. has announced that Global Growth Holding Limited has converted six bonds from the seventh tranche of its reserved convertible bond with warrants, resulting in the issuance of 15,000,000 new shares at a conversion price of €0.004 per share. These new shares are admitted directly to trading, lifting the company’s share capital to €11,557,761.90 and increasing the total number of shares to 156,078,639, while four bonds in the seventh tranche remain subscribed but unconverted.

The partial execution of the capital increase linked to this POC financing will be certified and filed with the Companies Register of Turin as required by law, formalizing the dilution and enhanced capital base. The transaction further advances the subscription of the overall €1.75 million POC program, of which €1.71 million has now been converted into equity, reinforcing Fidia’s financial structure and potentially supporting its strategic investments in its core high-tech milling and numerical control markets.

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. The group focuses on the die and mold segment for the automotive sector and on aerospace applications, offering solutions that span the entire milling process, including numerical controls, high-speed milling machines and CAM software for complex shapes.

Average Trading Volume: 3,552,320

Technical Sentiment Signal: Strong Sell

Current Market Cap: €614.2K

For detailed information about FDA stock, go to TipRanks’ Stock Analysis page.