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

Fidia S.p.A. has announced the conversion of 15 bonds into 500,000 new shares by Global Growth Holding Limited, as part of a convertible bond loan with warrants. This conversion increases Fidia’s share capital by Euro 150,000, bringing the total to Euro 6,197,761.90, and the total number of shares to 8,632,969, potentially enhancing its market presence and financial flexibility.

More about Fidia Spa

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

YTD Price Performance: -91.56%

Average Trading Volume: 577,895

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.91M

For an in-depth examination of FDA stock, go to TipRanks’ Overview page.

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