Energica Motor Company S.p.A. (BIT:EMC) announced that it has entered into a preliminary agreement for a private placement of common shares for proceeds of €2 million and a two-year convertible bond years for proceeds of €1.5 million for total proceeds of €3.5 million on May 8, 2019. The transaction will include participation from Disruption Investment Platform Fund I, a fund managed by DIP Capital LLP. The transaction is expected to close by June 30, 2019. The securities to be issued are subject to a hold period of six months.