Airtificial opens subscription period for new shares
- €20 Million Capital Increase.
- Aimed at strengthening the Company’s growth in markets such as the Americas and China. Key shareholders have ensured the subscription of a significant tranche of the capital increase.
Madrid, December 5, 2024. Airtificial Group will open the subscription period for its capital increase tomorrow. Originally announced in October, this initiative is designed to drive the Company’s growth through four key pillars: international expansion into markets such as the United States and China, the intelligent robotics and aerospace defense business units, and the R&D area to diversify into new sectors. On October 2, the Company’s Board of Directors approved a capital increase valued at €20 million, comprising 222,263,022 new shares, each with a nominal value of €0.09.
Starting tomorrow, a 14-day preferential subscription period will open for the company’s existing shareholders, offering one new share for every six previously held shares. Current shareholders will also have the option to request additional shares.
The schedule for the capital increase is as follows:
- December 6: Start of the preferential subscription period for current shareholders, beginning of additional share requests, and first trading date of shares without rights.
- December 9: Record date to determine positions for the allocation of preferential subscription rights.
- December 11–17: Trading period for preferential subscription rights.
- December 19: End of preferential subscription period (first round) and additional share requests.
- December 30: Allocation of additional shares and any remaining unsubscribed shares.
- December 31: Settlement by participating entities for all new shares subscribed during the preferential, additional, and third-round periods.
- January 3, 2025: Execution of the capital increase by the Board of Directors.
- January 16, 2025: CNMV and the Madrid and Barcelona Stock Exchange governing bodies confirm compliance with listing requirements for the new shares.
- January 17, 2025: Admission of new shares for trading.
Support from key shareholders
The Company’s strategy is supported by its principal shareholders, who have expressed full confidence in Airtificial Group’s direction. They have committed to subscribing to at least the portion of new shares equivalent to their current shareholding.
Capital increase to fund growth and geographic expansion
This capital injection reinforces the Company’s strategy to drive growth through product portfolio diversification and international expansion. Airtificial Group recently announced two major projects involving the engineering, design, and manufacturing of intelligent robotic assembly lines for a prominent Chinese Tier 1 supplier and a leading electric vehicle Tier 1 supplier in the United States.
Furthermore, the additional capital will strengthen the intelligent robotics and aerospace defense business units and the R&D and digitalization areas. These initiatives aim to diversify the business into new sectors while enhancing operational efficiency.
The most recent financial results, covering the first half of the year, showed a turnover of €46.7 million, EBITDA of €4.3 million, and a record-high order backlog of €216 million.
About Airtificial
Airtificial offers global and innovative design and manufacturing solutions for the automotive, aeronautics, infrastructure and other industrial sectors, integrating advanced technologies such as robotics and artificial intelligence that together with human interaction contribute to a more sustainable development. Listed on the Continuous Market, it has an operational presence in fourteen countries in the main markets of Europe, America and Asia; and contributes to the digital transformation and the automation and optimization of its customers’ processes in the industrial field through sustainable and competitive growth.
For more information:
Press contact:
Fernando García and Guiomar Pérez
Phone: +34 91 576 52 50 / +34 696 249 078
