(Finance) – CircleInnovative SME listed on the Euronext Growth Milan market, by virtue of the agreements reached with the shareholders of the company Accudire, Innovative Startup based in Verona which provides the only e-CMR platform in the MED area, has subscribed and simultaneously paid today a portion of the capital increase of the aforementioned company approved by the shareholders’ meeting, in order to acquire a minority stake equal to 20% of Accudire.
In particular, the Accudire shareholders’ meeting resolved on 7 December 2023 to increase the share capital, for a fee, for a total of Euro 378,750, offering it for subscription to the company’s existing shareholders.
As a result of the waiver of subscription by them, the capital increase was therefore offered for subscription to Circle, which today subscribed a portion equal to Euro 153,750, without provision for a premium, indivisible; a further investor subscribed for Euro 50,000, with a surcharge expected; while the remaining part of Euro 175,000 is the conversion of existing members’ loans.
The payment by Circle of the aforementioned amount takes place in 3 tranches: 50% (corresponding to Euro 76,875) today; 25% (corresponding to Euro 38,437.50) by 01/31/2024; the remaining 25% (corresponding to Euro 38,437.50) by 04/30/2024.
As a result of the full subscription of the aforementioned capital increase, the share capital of Accudire will therefore be held 73.5% by the current founding members, 20% by Circle and finally 6.5% by a financial investor .