Mergers & Acquisitions
Metriks AI Reports No TradeLab Shares Tendered as Exchange Offer Runs to December 4
By News Desk ·
Key takeaways
- Metriks AI received no TradeLab ordinary shares during the October 26-30, 2026 offer period, with total acceptances at zero as of November 1.
- The offer exchanges 0.667 newly issued Metriks AI shares for each TradeLab share and closes December 4, 2026, at 5:30 p.m. Italian time.
- Metriks AI announced in July 2026 a voluntary public exchange offer for all TradeLab shares valued at €11.6 million, aimed at delisting TradeLab.
Metriks AI received no TradeLab ordinary shares under its offer for all such shares during October 26-30, 2026, leaving total acceptances at zero as of November 1. The future of trading reported the nil take-up following the offer's October 12 launch.
Metriks AI is an Italian B2B SaaS and embedded advisory company listed on Euronext Growth Milan that sells AI-powered business intelligence, ERP, CRM, HR, IIoT and Dbiz to small and medium enterprises in Italy. TradeLab is the target of Metriks AI's voluntary public exchange offer for all of its ordinary shares.
Metriks AI's Exchange Ratio and December 4 Close
The offer gives TradeLab holders 0.667 newly issued ordinary shares in Metriks AI for each TradeLab ordinary share. The bidder launched the offer on October 12, 2026, and the October 26-30 window produced no tenders.
The offer closes December 4, 2026, at 5:30 p.m. Italian time, unless extended. Settlement is scheduled for December 11, 2026, subject to any extension.
Metriks AI's Earlier Deal Terms for TradeLab
Metriks AI's board appointed PTS Consulting Srl as an independent expert to value TradeLab Spa shares contributed in exchange for a capital increase backing the voluntary public exchange offer, MarketScreener reported in August 2026.
In July 2026, Metriks AI announced a voluntary public exchange offer for all shares of TradeLab spa valued at €11.6 million and aimed at delisting, BeBeez reported. The same announcement covered a binding term sheet to acquire 100% of Workgroup srl, valued at €20 million and potentially rising to €25 million with an earn-out.
Metriks AI's Funding for Bolt-On Deals
Metriks AI issued a €1.8 million minibond in January 2026, subscribed by Banca Valsabbina, to fund its bolt-on M&A external growth strategy, according to akta.pro company records. The bond was structured by Banca Valsabbina.
In April 2026, the company's shareholders' meeting approved the merger by incorporation of Appare S.r.l. and Fconn S.r.l. into Metriks AI, consolidating the acquired entities into the listed parent, the same records show. Metriks AI has traded on Euronext Growth Milan under ticker MTK since its first trading day on May 30, 2025.