Racing Force, a global leader in automotive safety systems, has agreed in its Board of Directors a capital increase through the issuance of new shares, which will be offered for subscription through an accelerated demand prospecting procedure.
In the context of this capital increase, Axon Partners Group has acted as a strategic anchor investor, co-investing with Bahrain Mumtalakat Holding, the sovereign wealth fund of the Kingdom of Bahrain.
The objective of the capital increase is to provide support for the development and expansion of business activities, enhance the efficiency of production processes for certain products, increase the free float and liquidity, and expand the shareholder base to include first-class international institutional investors.
Additionally, Racing Force has entered into a binding agreement with Bahrain International Circuit, the management company of the circuit which hosts the Bahrain Formula 1 Grand Prix, for the construction and lease of an additional new factory for the development and production of some of the Group’s products.
About Racing Force:
Racing Force is the leading motorsports safety products group with the most advanced and comprehensive range of protection and performance products used worldwide by top professionals, amateur athletes, race teams and car manufacturers with products sold under brands such as Bell Helmets, OMP, Zeronoise and Racing Spirit. The group is based in 3 different continents: Ronco Scrivia (headquarters) and Pisa in Italy, Sakhir in Bahrain, Miami and Mooresville in the USA. Today, products under the Group's brands can be found in all world championships of car and kart racing.
About Axon:
Axon is a global company focused on technology and innovation with a two-dimensional approach: Tech Investments and Strategy Consulting. Circa 90 seasoned professionals covering Europe, Americas and MENA. Listed in the Madrid Stock Exchange [BME: APG] since 2022
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