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Matica Fintec Announces Strategic Reverse Take-Over to Bolster Market Position

Story Highlights
  • Matica Fintec specializes in digital card issuance systems for financial and governmental sectors.
  • The company is acquiring shares in Matica Corp. and DISK to enhance its market position.
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Matica Fintec Announces Strategic Reverse Take-Over to Bolster Market Position

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Matica Fintec SpA ( (IT:MFT) ) has shared an update.

Matica Fintec S.p.A. has announced a reverse take-over operation involving the acquisition of shares in Matica Corp. and Digital Identity Solutions Korea Co., Ltd. from Matica Technologies Group S.A. This strategic move, supported by a capital increase, aims to enhance Matica Fintec’s market position and expand its technological capabilities, potentially impacting stakeholders by strengthening the company’s operations and industry standing.

More about Matica Fintec SpA

Matica Fintec S.p.A. is an innovative SME listed on Euronext Growth Milan, specializing in the design, production, and marketing of advanced systems for issuing digital cards aimed at financial and governmental institutions.

Average Trading Volume: 8,362

Technical Sentiment Signal: Buy

Current Market Cap: €18.57M

Learn more about MFT stock on TipRanks’ Stock Analysis page.

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