Breaking News, Research 22 Jul 2024
BREAKING NEWS – 22.07.2024
On July 16, 2024, SolidWorld Group, the leading company in the field of digital technologies, 3D printing, 3D bio-fabrication, and state-of-the-art photovoltaic panel production lines, announced the completion of the capital increase decided by the Board of Directors on June 10, 2024, in accordance with Article 2443 of the Civil Code. The increase included the subscription of all 811,250 new ordinary shares, for a total value (including the premium) of €2,271,500.00. The Group also communicated that 41,716 new shares were subscribed through the exercise of 792,604 unexercised rights, placed during the Auction of Unexercised Rights held on July 15, 2024. Following the completion of the entire offer period of the Capital Increase, the subscribed and paid-up share capital of SolidWorld Group amounts to €1,649,133.50. The capital is divided into 13,071,495 ordinary shares with no indication of nominal value. In light of the successful completion of Solid World Group’s capital increase in the international market, we confirm our recommendation: Target Price € 6.00, Rating BUY, and Risk MEDIUM. |