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

Fidia Spa ( (IT:FDA) ) has issued an update.

Fidia S.p.A. has 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 GGHL. This conversion increases the company’s share capital by Euro 100,000, resulting in a total share capital of Euro 7,047,761.90 and a total of 11,652,385 shares. This move is part of Fidia’s strategic financial operations to enhance its market presence and operational capacity.

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, primarily serving the automotive and aerospace sectors. With over 40 years of experience and approximately 155 employees, Fidia offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.

Average Trading Volume: 493,365

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.22M

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