The operation was approved Friday, Impact said in a stock exchange filling.
Impact will issue 80 million new shares with a face value of RON1, which will be offered for subscription in two rounds.
Existing shareholders have preference rights over the new shares. The subscription price was set at RON1 for existing stockholders and at RON1.01 for new investors.
All remaining shares will be cancelled, Impact said.
Impact Developer&Contractor is 44.24%-owned by Romanian entrepreneur Gheorghe Iaciu.
The company reported a loss of RON42.4 million in 2013, narrower from about RON75 million in the previous year.
At around 1:50 pm, Impact’s shares traded up 1.88% at RON0.815 in Bucharest, amid a valuing the company at RON161.2 million. (EUR1=RON4.4695)