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

Fidia Spa ( (IT:FDA) ) just unveiled an announcement.

Fidia S.p.A. has announced the conversion of 10 bonds into 33,333,333 new shares, which will be traded on Euronext Milan without the need for a prospectus, following specific regulatory exemptions. This move increases the company’s share capital by Euro 100,000, bringing the total to Euro 16,323,000, and raises the total number of shares to 338,296,993, indicating a strategic step in its capital increase plan.

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, the company offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.

Technical Sentiment Signal: Strong Sell

Current Market Cap: €1.7M

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