Press Releases
Capital Markets

Nctm as deal counsel in the admission to trading of Tenax International on AIM Italia

Nctm Studio Legale acted as deal counsel to Tenax International S.p.A., one of the leading European manufacturers of 100% electric road sweepers and urban cleaning equipment, in the procedure of admission to trading of its shares and Tenax 2020-2023 Warrants on the AIM Italia market. Tenax, incorporated in 2016 and based in Rio Saliceto (RE), designs and distributes compact, 100% electric road sweepers and street washers. The company currently distributes in over 42 countries (including China, since 2019), both directly and through a network of dealers; about 80% of its revenues are generated abroad, with an after-sales service being provided too.

The listing took place following the placement of 1,124,900 Tenax International shares at an offer price of €2 per share. As part of the Placing,  there was demand from leading institutional and professional investors for over 6.29 million Euros, 2.8 times higher than the (2.25 million Euro) offer. The newly issued shares come with warrants granted free of charge at a ratio of one warrant per share.

The team of Nctm Studio Legale assisting Tenax International was led by Lukas Plattner and Andrea Iovieno, with support from Antonio Principato, advising on legal issues, and by Manfredi Luongo, with support from Vincenzo Cantelli, advising on tax issues.

Get our latest news