True Energy Wind
Collection of 8.07 million Euros through placement on AIM Italia Alternative Capital Market, of which approximately 3.71 million was through the issuance of ordinary shares and about 4.36 million through a convertible loan capital.
The operation is:
– the first issue of a convertible loan capital listed on the same market.
– The company recorded an opening price of 1.59 Euro with a +27% compared to the placement price of 1.25 Euro and a closing price of 1.337 Euros with a +7% compared to the placement price.
Issuance of a loan capital simultaneously listed on the AIM Italia – Alternative Capital Market, called “Convertible TE Wind S.A. 2013-2018” of Euro 4,365,000.00 consisting of 43,650 bonds with a nominal value of Euro 100.00 each. The debentures bear interest at the nominal fixed annual rate of 6.00%.
From the 48th month following the issue, holders of Convertible Debentures may request the conversion of such instruments into Shares, based on the ratio of 62 Shares for each Debenture presented in conversion; if the right of conversion is not exercised, the Issuer will repay the Convertible Debentures at maturity.
The duration of the Loan Capital is 5 years.
The enterprise. True Energy Wind (TE Wind S.A.), which is headed by IRIS FUND SICAV SIF, is a holding company that through its subsidiaries is a market leader in the production and distribution of electricity from mini-wind power sources. The first development projects involve the production and marketing of electricity through the construction of 120 mini-oil turbines with a nominal power of up to 60 kW for a total of 5.4 MW. True Energy Wind’s business model provides for the management of the entire process of building a mini-wind power plant, from site selection to electricity production. TEW uses qualified advisory structures, both internal and outsourced, to ensure that every single phase of the process is managed optimally while benefiting from a very streamlined structure with significant cost rationalization.
Established in 2013, at the start date of negotiations, through the subsidiary Windmill Srl, it installed 50 turbines for a total power of 1.4 MW.
Ultima Ricerca True Energy Wind
BREAKING NEWS| In the press release dated August 7, 2025, Litix SpA, an Innovative SME that combines art, technology, tradition, and innovation through three business units offering solutions ranging from the design and production of robotic cells for marble and other materials, to the creation of sculptures and other artistic and design works, to hardware and software development for additive manufacturing and other advanced processes, announced that its subsidiary Aivox Srl will take part, as an industrial partner, in the national research project “More4Neuro – Multi-material 3D Printing for Education in Neurosurgery.” The initiative, led by the University of Milan within the framework of the Partenariati Estesi – HealthTech program, aims to develop next-generation simulators for medical and neurosurgical training, capable of accurately replicating the tactile, mechanical, and structural properties of brain tissues through multimaterial additive manufacturing technologies. Aivox, specialized in computational design, software development, additive manufacturing, and multimaterial 3D printing, will contribute its expertise by taking responsibility for the design of physical models, definition of production processes, and validation of prototypes through iterative development and clinical testing phases. The activities assigned to Aivox have a total value of € 0.68 million, of which € 0.54 million will be covered by public funding. This project marks another step in the strategy outlined in the latest annual report, in which Litix emphasized the importance of diversifying its portfolio with highly innovative projects and strengthening its position in advanced technology markets, based on the belief that technological development and global presence are the key growth drivers in the medium term. Following a transitional year in 2024, which marked the first full year of Aivox’s operations, the participation in More4Neuro confirms the Group’s ability to seize opportunities in high-potential sectors, expanding the intersection between digital manufacturing and specialized education. Considering the information disclosed in the press release, we confirm our recommendation: Target Price € 2.50, BUY Rating and MEDIUM Risk. |
