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

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

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

Fidia S.p.A. announced the issuance and subscription of 50 bonds with attached warrants by Global Growth Holding Limited, resulting in the conversion into 16,666,666 new Fidia shares. This development increases the company’s share capital to Euro 16,623,000 and the total number of shares to 438,296,990, enhancing its financial standing and market presence.

More about Fidia Spa

Fidia S.p.A., based in San Mauro Torinese, is a 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 133 employees, Fidia offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software for complex shapes.

Technical Sentiment Signal: Strong Sell

Current Market Cap: €1.44M

Find detailed analytics on FDA stock on TipRanks’ Stock Analysis page.

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