(Alliance News) – Fenix Entertainment Spa announced that its board of directors has examined and approved “an overall capital and financial strengthening operation,” based on the issuance of a cum warrant bond, reserved for subscription to the investor Negma Group, in the amount of EUR10.0 million, to be issued in one or more tranches.

In particular, “this decision,” the company explains in a note, “has matured taking into account the need for the company to provide itself with a suitable instrument. On one hand, to raise new capital to financially support the three-year investment plan 2023-2025 and, on the other hand, to achieve an economic, equity and financial rebalancing, as already communicated to the market on November 4, 2022.