(Alliance News) - With reference to the capital increase under option resolved by the extraordinary shareholders' meeting on May 22 for a maximum amount of EUR30 million, expert.ai Spa announced Thursday that its shareholder Sofia Holding Srl has committed to underwrite its entire share under the future option offer for a maximum amount of about EUR1.2 million.

Sofia Holding holds 2.8 million expert.ai shares, representing approximately 4 percent of the share capital.

The company specifies that the subscription commitment is not backed by any guarantee and has no expiration date for the purpose of exercise, and is subject to the condition that the subscription price does not exceed EUR1.20 per newly issued share.

expert.ai closed Thursday up 3.9 percent to EUR1.22 per share.

By Chiara Bruschi, Alliance News reporter

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