The operation was handled by TradeVille.
“The Board of Directors decided to successfully close the privat placement offer at a price of 50 ron per share. Thus, the subscriptions of 34 investors were accepted, and it was decided the capital increase of the company’s capital by the amount of RON 1,676,350, divided into 3,352.70 ron in share capital and 1,672,997.30 ron in issue premium”.
Following the offer, the market valuation of Fort is RON 51 million, and the holding of Bittnet is valued at approximately RON 30.6 million, and the valuation of the asset in the Issuer’s accounting is RON 12 million.
„This difference in value will not be reflected in the Issuer’s accounting in any way”, mentions the group.
Fort plans to start trading on the AeRO-SMT market in the first quarter of 2024.
The company had a RON2.3 million net loss in the first nine months of 2023, from RON4.2 million in the year-earlier period. Revenues went up by 150% to RON283 million.
(English version by Catalina Apostoiu)