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An announcement from Fidia Spa ( (IT:FDA) ) is now available.
Fidia has converted six bonds from the eighth tranche of its POC convertible bond reserved for Global Growth Holding Limited, issuing 20,000,000 new shares at €0.003 each that will be admitted directly to trading on Euronext Milan. Following this partial conversion, the company’s share capital rises by €60,000 to €11,697,761.90, with total shares increasing to 199,411,972, while €2 million of POC has been subscribed and 15 bonds in the eighth tranche remain unconverted, modestly diluting existing shareholders but reinforcing the firm’s capital base.
The capital increase linked to the POC is now subscribed for €1,850,000, and the certification of this partial execution will be filed with the Turin Companies Register in accordance with legal requirements. The operation supports Fidia’s ongoing financial strengthening as it pursues its growth strategy in numerical control and milling technologies for automotive and aerospace applications, potentially enhancing its flexibility for future investments and operations.
More about Fidia Spa
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a global player in high-performance integrated milling systems, numerical controls and CAM software for complex shapes. Its solutions serve primarily the automotive mould-making and aerospace sectors, covering the full milling process from machining program definition to finished part production.
Average Trading Volume: 3,914,839
Technical Sentiment Signal: Strong Sell
Current Market Cap: €591.4K
See more insights into FDA stock on TipRanks’ Stock Analysis page.