First S.r.l. to S.p.A. transformation with DLT-native shares

Italian company · Tech sector

2023

LX20 advised on the transformation of an Italian limited liability company (S.r.l.) into a joint-stock company (S.p.A.) with shares natively issued on DLT.

The transaction required a review of corporate governance, adaptation of corporate documentation, and the definition of digital issuance, representation and circulation arrangements for the shares.