Weng Fine Art AG announced a private placement of September 17, 2021.
On the same day the company has issued 50,000 treasury stock at an issue price of 45 for the gross proceeds of 2,250,000? from European small cap fund in its second tranche. The free float at company will increase further to around 1.8 million shares due to the upcoming stock split. The split is scheduled for October 15, 2021 and will increase the number of shares in circulation to a total of 5.5 million.