Fenix Entertainment S.p.A. announced that it will receive maximum of €4.1559815 million in a round of funding by capital increase on June 10, 2022. The company will issue 755,633 ordinary shares with no par value, at a price of €5.50 per share in the transaction. The newly issued ordinary shares will be offered in option to the shareholders in the ratio of 1 new ordinary share for every 5 shares held, subject to the waiver by the majority shareholder of the number of option rights necessary to balance the transaction. The transaction will also include participation from relative majority shareholder Riccardo Di Pasquale who holds 21.84% of the share capital for €0.25 million. The transaction has been approved by board of directors.