Coin SpA received binding proposals for the subscription of a capital increase of 21.2 million euros

A couple of weeks ago, Coin spa received binding proposals for the subscription of a capital increase for a total of 21.2 million euros and today "has therefore proceeded to request the Court of Venice to grant a term of 60 days to finalize the aforementioned restructuring agreements and request their approval"

Coin SpA has requested a 60-day extension from the Court of Venice to finalize restructuring agreements and request their approval, as reported by a note on Friday.

The capital increase proposals, totaling 21.2 million euros, were received a couple of weeks ago, according to the note.

"For the entire duration of this term, the company will continue to operate in full continuity with respect to the negotiated settlement period, maintaining the protection of the assets and business activity as offered by the protective and precautionary measures requested," adds the note.

The company has identified debt restructuring agreements, as regulated by the law, as an instrument for recovery, in agreement with the investors, as reported by management.

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