Mexedia Completes Acquisition of 51% of Stantup Service for €16.5 Million
Mexedia finalized yesterday the acquisition of a majority stake in Stantup Service from Rocket Sharing Company. The transaction, amounting to a total of €16.5 million, strengthens the group's presence in technology services and customer relationship management.
Acquisition Paid in Cash and New Shares
Mexedia acquired 51% of Stantup Service's capital through a combination of cash and the issuance of new shares. The first installment, accounting for 0.93% of the capital, was paid in cash amounting to €300,000 on May 21st. The remaining 50.07% was purchased through the issuance of 2,253,129 new Mexedia shares at €7.19 per share, totaling €16.2 million (including the issuance premium).
This share issuance was approved by Mexedia's board of directors under a delegation of authority granted by the general meeting on March 13th. The acquisition gives Mexedia control over Stantup Service, an Italian company specializing in IT services, digital solutions, and operational outsourcing. This integration is part of the group's strategy to enhance its capabilities in high-value-added technology services and customer management solutions.
Shares to be Admitted for Trading by End of July
The 2,253,129 Mexedia shares created in this transaction are expected to be admitted for trading on Euronext Growth Paris by the end of July 2026, according to a schedule to be later confirmed by the company.
Rocket Sharing Company, which receives these shares, will proceed to sell them on the market over the 18 months following the closing of the transaction, through Banca Generali. Sales will be limited to 10% of the daily trading volumes of Mexedia shares on Euronext Growth Paris. If Rocket Sharing fails to collect a minimum of €12 million from these sales within this period, Mexedia commits to paying the necessary balance. To secure this payment, Mexedia has established a pledge on 51% of the capital of Stantup Service.
The dilution resulting from this issuance leads to a reduction of the stake of any shareholder holding 1% of the capital before the transaction to 0.7167% after the issuance of new shares.
Major Risk Around Renewal of Fastweb Contract
Stantup Service generates the bulk of its revenue from a single client. In 2025, Fastweb accounted for 85% of Stantup Service's revenues. The renewal of this major commercial agreement for the 2026-2028 period is currently under discussion and is not guaranteed.
The release also notes that Mexedia's share price may fluctuate and fall below the issue price of the new shares. The volatility and liquidity of Mexedia's securities could experience significant variations, while the sale of new shares by Rocket Sharing on the market could exert downward pressure on the share price.
