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

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

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An announcement from Fidia Spa ( (IT:FDA) ) is now available.

Fidia S.p.A. has announced the conversion of five bonds into 16,666,666 new shares, leading to an increase in the company’s share capital by Euro 50,000, now totaling Euro 16,473,000. This move is part of a broader capital increase strategy, with potential further conversions and subscriptions possible, impacting the company’s 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 serving the automotive and aerospace sectors, the company offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software. With over 50 years of experience and approximately 133 employees, Fidia is listed on the Euronext Milan market of Borsa Italiana.

Technical Sentiment Signal: Strong Sell

Current Market Cap: €1.19M

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

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