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Matica Fintec SpA ( (IT:MFT) ) has issued an announcement.
Matica Fintec S.p.A. announced that the Presidency of the Council of Ministers has confirmed that their proposed reverse take-over operation does not fall under the golden power regulation. This decision allows Matica Fintec to proceed with the capital increase related to acquiring stakes in Matica Corp. and Digital Identity Solutions Korea, thereby enhancing their market position and operational capabilities.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an Innovative SME based in Milan, specializing in the design, production, and marketing of advanced systems for issuing digital cards. These cards cater to financial institutions, such as credit and ATM cards, and governmental entities, including identity cards and passports. The company emphasizes high security standards and invests significantly in research and development, holding nine patents.
Average Trading Volume: 6,037
Technical Sentiment Signal: Buy
Current Market Cap: €18.41M
For a thorough assessment of MFT stock, go to TipRanks’ Stock Analysis page.