Racing Force to Raise EUR 7 Million through Capital Increase

Racing Force S.p.A. has authorized a capital increase worth EUR 7 million. Shares will be priced at EUR 4.43 each, utilizing an accelerated bookbuilding process. The increase aims to boost the company's business activities globally and will exclude option rights.

The new shares will be available for qualified investors across Europe and other specified territories. Axon Partners Group Investment will subscribe up to EUR 5 million as a cornerstone investor, with a 180-day lock-up agreement.

Proceeds will support Racing Force's expansion, including a new factory built in collaboration with Bahrain International Circuit. This facility will enhance the production efficiency of strategic products, increasing overall margins.

Racing Force intends to maintain some proceeds for future projects and aims to broaden its shareholder base. Joint bookrunners for the offering are Equita SIM S.p.A. and TP ICAP (Europe) S.A.

Documents pertaining to the capital increase are accessible on eMarket Storage and Racing Force's website. The new shares will trade on Euronext Growth Milan and Paris.