UCapital24 S.p.A. (BIT:U24) announced a private placement of maximum of 634,920 ordinary shares at an issue price of €1.26 per share for gross proceeds of €799,999 on May 11, 2021. The company will also issue new Warrants called "UCapital 2019-2022 Warrants" in the ratio of 1 warrant for every 1 new share subscribed. The transaction has been approved by the shareholders of the company.