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Fidia S.p.A. Expands Share Capital Through Bond Conversion

Story Highlights
  • Fidia S.p.A. converted 10 bonds into 344,827 new shares, enhancing its financial structure.
  • The conversion increases Fidia’s share capital and total shares, potentially strengthening market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fidia S.p.A. Expands Share Capital Through Bond Conversion

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The latest update is out from Fidia Spa ( (IT:FDA) ).

Fidia S.p.A. announced the conversion of 10 bonds into 344,827 new shares by Global Growth Holding Limited, as part of a convertible bond loan with warrants. This conversion, priced at Euro 0.29 per share, increases the company’s share capital by Euro 100,000, bringing the total to Euro 6,747,761.90 and the number of shares to 10,512,277. This move reflects Fidia’s strategic financial management and may enhance its market position by increasing liquidity and shareholder base.

More about Fidia Spa

Fidia S.p.A., based in San Mauro Torinese, is a global leader in the design, production, and marketing of high-performance integrated milling systems. The company primarily serves the automotive and aerospace sectors, offering comprehensive solutions for the entire milling process. With over 40 years of experience and approximately 135 employees, Fidia specializes in numerical controls, high-speed milling systems, and CAM software for complex shapes.

YTD Price Performance: -93.07%

Average Trading Volume: 551,709

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.39M

See more insights into FDA stock on TipRanks’ Stock Analysis page.

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