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MAGIS S.p.A. ( (IT:MGS) ) just unveiled an announcement.
Magis S.p.A. announced the exercise of 1,180,466 warrants in May, resulting in the issuance of 339,854 ordinary shares valued at Euro 33,985.40. With the Acceleration Condition met, the remaining 211,574 warrants must be exercised by July 3, 2025, or they will become invalid. This development underscores Magis’s proactive approach in managing its financial instruments and highlights the importance of timely action for stakeholders.
More about MAGIS S.p.A.
Magis S.p.A. is a leading manufacturer based in Cerreto Guidi, Tuscany, Italy, specializing in customized adhesive tapes and closure systems for adult and infant body care. Founded in 1983 by Marco Marzi, the company is renowned for its innovative use of hot melt coating on polypropylene and pioneering sandwich printing techniques. Magis is committed to sustainability and high-quality standards, with a strong focus on market needs and customization options.
Average Trading Volume: 4,087
Technical Sentiment Signal: Buy
For a thorough assessment of MGS stock, go to TipRanks’ Stock Analysis page.