Copernico Holding SPA announced that it will receive maximum of €15 million in funding on July 9, 2019. The transaction will include participation from Capital For Progress Single Investment S.p.A. (BIT:CFP). The company will issue common shares for €7.5 million and convertible bond for €7.5 million in the transaction. The bond will carry a fixed coupon of 4% and would mature in September 2022. Transaction is expected to close by December 31, 2019. The company will receive €3.5 million in the first tranche of the transaction.