(Finance) –
The Board of Directors of FAE Technologya company listed on Euronext Growth Milan and active in the design and production of solutions for the integrated electronics sector, has approved a capital increase in a divisible manner with the exclusion of the right of option for an amount maximum of 2 million euros through the issue of a maximum of 1,000,000 ordinary shares offered at the unit subscription price of 2.00 euros (2% discount compared to the last six months and 3.6% premium compared to the last three months).
The new ordinary shares will be offered at French investment fund NextStage AM which will fully subscribe to the aforementioned capital increase and will therefore become a significant shareholder with a stake equal to 6.11% of the capital.
The new resources, in addition to the 10.3 million euros already raised since January 2022 and including both debt and equity, will be used to support the growth of FAE Technology in Italy and abroad, and partly to finance the acquisition of Elettronica GF announced last month.
“The opening of capital to a European fund like NextStage AM, very active in the technological sector and sensitive to innovation, fills us with satisfaction and opens up new opportunities – commented theCEO Gianmarco Lanza – The choice to invest in FAE Technology is a recognition of the solidity of our strategy medium-long term and the strong growth prospects we face. We are confident that this operation will help provide us with adequate resources to further consolidate our position and face the challenges of the market.”