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Fidia Spa ( (IT:FDA) ) has provided an announcement.
Fidia S.p.A. has announced the conversion of four bonds from the sixth tranche of its POC convertible bond loan reserved for Global Growth Holding Limited, resulting in the issue of 4,000,000 new shares at a conversion price of €0.01 each. These new shares are admitted to trading on the regulated market, bringing the company’s share capital to €11,217,761.90 and the total number of shares to 96,542,927.
Following this transaction, the POC has been subscribed for a nominal €1,500,000, with €1,370,000 of the related capital increase already subscribed and 13 bonds from the sixth tranche still unconverted. The partial execution of the capital increase tied to this conversion will be filed with the Turin Companies’ Register, signalling ongoing balance sheet strengthening and potential dilution as Fidia continues to leverage convertible financing to support its strategic and operational needs.
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. Serving primarily the automotive mould and aerospace sectors, the group offers end-to-end solutions for the milling process, including numerical controls, high-speed milling machines and CAM software for complex shapes, supported worldwide by around 135 employees and over 50 years of expertise.
Average Trading Volume: 2,374,058
Technical Sentiment Signal: Strong Sell
Current Market Cap: €785.1K
For a thorough assessment of FDA stock, go to TipRanks’ Stock Analysis page.