Fidia S.p.A. Converts Bonds to Strengthen Market Position

Fidia Spa ( (IT:FDA) ) has shared an announcement.

Fidia S.p.A. announced the conversion of 10 bonds into 384,615 new shares at a price of Euro 0.26 per share, as part of a convertible bond loan with warrants reserved for GGHL. This conversion increases the company’s share capital by Euro 100,000, bringing the total to Euro 6,947,761.90, and raises the number of shares to 11,267,770. This move reflects Fidia’s ongoing financial strategies to bolster its market position and shareholder value.

More about Fidia Spa

Fidia S.p.A., based in San Mauro Torinese, is a global leader in designing, producing, and marketing high-performance integrated milling systems, primarily for the automotive and aerospace sectors. With over 40 years of experience, the company offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.

YTD Price Performance: -93.33%

Average Trading Volume: 487,348

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.3M

Learn more about FDA stock on TipRanks’ Stock Analysis page.