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Smart Capital S.P.A. ( (IT:SMCAP) ) has provided an announcement.
Smart Capital S.p.A. has advanced its ongoing rights issue, with 1,152,824 newly issued shares placed with third parties for €1.9 million, bringing total subscriptions to 2,386,529 shares, or 49.62% of the capital increase, for proceeds of about €3.94 million. The completion of the remaining portion of the capital increase is expected to be driven by the planned subscription of 2,422,726 new shares by the current shareholders of Marcap S.p.A. as part of a strategic deal for Smart Capital to acquire 100% of Marcap and for those shareholders to reinvest in Smart Capital, a move that will significantly strengthen the holding company’s capital base and support its expansion strategy in private equity and PIPE transactions.
The most recent analyst rating on (IT:SMCAP) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Smart Capital S.P.A. stock, see the IT:SMCAP Stock Forecast page.
More about Smart Capital S.P.A.
Smart Capital S.p.A. is a permanent capital industrial holding company focused on private equity and private investments in public equity, targeting Italian small and medium-sized enterprises, whether listed, unlisted or in a pre-IPO phase, operating in Italy and abroad. The group pursues long-term, entrepreneurial investments in niche market leaders with strong management teams and value creation plans aligned with ESG best practices.
Average Trading Volume: 96,780
Technical Sentiment Signal: Strong Buy
For detailed information about SMCAP stock, go to TipRanks’ Stock Analysis page.