Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Fidia Spa ( (IT:FDA) ) has provided an announcement.
Fidia S.p.A. has issued 3,000,000 new shares to Global Growth Holding Limited following the conversion of three bonds from the fifth tranche of its 2026 reserved convertible bond loan. The conversion, executed at €0.01 per share, brings the company’s share capital to €11,027,761.90 and increases the total number of shares outstanding to 77,542,927, while seven bonds in the same tranche remain subscribed but unconverted.
The transaction marks further progress in the partial execution of the capital increase linked to Fidia’s POC financing program, which has so far been subscribed for a nominal €1,250,000 with €1,180,000 of related capital increase already subscribed. The additional equity strengthens Fidia’s capital structure as it continues to support its growth strategy in high-performance milling technologies, with the new shares admitted directly to trading on the regulated market under the existing prospectus.
More about Fidia Spa
Fidia S.p.A., based in Turin and listed on Euronext Milan, is a leading provider of numerical control technology and high-performance integrated milling systems. With over 50 years of experience and around 135 employees, it serves the automotive mould and aerospace sectors, offering solutions that span the entire milling process, including numerical controls, high-speed milling machines and CAM software for complex shapes.
Average Trading Volume: 2,056,765
Technical Sentiment Signal: Strong Sell
Current Market Cap: €585.4K
For detailed information about FDA stock, go to TipRanks’ Stock Analysis page.