(Tiper Stock Exchange) – Racing Force, parent company of Racing Force Group, world leader in safety systems for motorsport, has successfully completed the private placement operation, through an accelerated bookbuilding procedure, of n. 1,941,748 newly issued ordinary shares, with no par value, having the same characteristics as those outstanding, resulting from the capital increase
share capital with the exclusion of the option right, according to the methods resolved by the Board of Directors on 11 January 2023.
The newly issued shares have been subscribed to a unit price of 5.15 eurosfor a total value, including the premium, of Euro 10,000,002.
The placement of the shares offered for subscription was reserved for subscription by qualified Italian or foreign investors.
Upon completion of the transaction, SAYE will continue to control the Company. The settlement of the subscription operations will take place through the delivery and payment of the shares on 16 January 2023.
Following the full subscription of the newly issued shares, the nominal amount of the post-increase share capital of RFG is equal to Euro 2,569,919.80, divided into no. 25,699,198 ordinary shares with no par value.
The newly issued shares will be traded on Euronext Growth Milan and Paris and will have the same characteristics as those in circulation, in compliance with applicable laws and regulations.
In the context of the transaction, the Company has undertaken lock-up commitments for a duration of 180 days in line with market practice for similar transactions.
Equita SIM SpA and TP ICAP (Europe) SA acted as Joint Global Coordinator and Joint Bookrunner of the Accelerated Bookbuilding.
Emintad Italy Srl acted as financial advisor of the transaction while for the legal aspects RFG was assisted by LCA Studio Legale.