Almawave S.p.A. (Ticker: AIW), leading Italian company in Artificial Intelligence (AI), natural language analysis and Big Data services listed on the AIM market of the Italian Stock Exchange, based on the information provided by Banca Akros S.p.A., as the entity appointed to perform stabilization operations in relation to the offering of Almawave S.p.A. Ordinary shares (ISIN IT0005434615), hereby announces that the greenshoe option was fully exercised today relative to 635,294 newly issued shares. With the exercising of the greenshoe option, the stabilization period ends, effective immediately.

It should be noted that the purchase price of the greenshoe option shares is €4.25 per share – corresponding to the offering price established in the context of the institutional placement – for a total countervalue of €2.7 million, gross of commissions paid in the context of the institutional placement.

The value date of the greenshoe option settlement will be 12 April 2021 and, on the same date, the shares acquired from exercising the greenshoe option will be delivered to the shareholder Almaviva S.p.A. as closure of the over-allotment option of the same granted to Banca Akros S.p.A.

Based on the information provided by Banca Akros S.p.A., as agent for the stabilization of Almawave ordinary shares and also on behalf of the same, Almawave announces that during the stabilization period, from the start date of Almawave ordinary shares trading on AIM Italia (11 March 2021) up to the present date, no stabilization operation has been conducted.

Therefore, based on the above, in the context of the institutional placement, a total of 7,058,823 newly issued ordinary shares were place for a total collection of €30 million and a free float of 26.09%.

Almawave S.p.A. – Final notice of the stabilization operation and exercising of the greenshoe option
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