Fidia Spa ( (IT:FDA) ) has provided an announcement.
Fidia S.p.A. announced the conversion of five bonds into 16,666,666 new shares, which will be traded on the Euronext Milan market. This conversion is part of a capital increase plan, raising the company’s share capital by Euro 50,000 to Euro 16,673,000, and increasing the total number of shares to 454,963,656. The move reflects Fidia’s strategic efforts to enhance its market position and financial structure.
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 50 years of experience, Fidia offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.
Average Trading Volume: 10,081,061
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.44M
For a thorough assessment of FDA stock, go to TipRanks’ Stock Analysis page.