(Alliance News) - Cube Labs Spa announced on Friday that it has concluded the placement of 250,000 shares it launched yesterday.

The shares were subscribed at EUR2.00 each, for a total value of EUR500,000.

Following the transaction, the soceity's share capital is EUR595,083.33, divided into 17.9 million ordinary shares, with a free float of just under 16 percent.

Cube Labs' stock closed Friday unchanged at EUR2.12 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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