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Stock impact report

Genenta Science SPA (GNTA) Shifting from Biotech to Defense Business [Yahoo! Finance]

Genenta Science S.p.A. (GNTA) 
Company Research Source: Yahoo! Finance
This comes on the back of the company announcing a major shift in its business strategy. Genenta Science SPA (GNTA) Shifting from Biotech to Defense Business Genenta Science, which has all along been concentrating on biotech programs with a focus on cancer treatments, said on January 27 that it was shifting to defense and national security business. As part of this strategy pivot, the company will change its name to Saentra Forge. In its new business strategy, Genenta says it will focus on acquiring private Italian businesses in the national security sector. Its targets are profitable businesses that generate about €5 million in annual EBITDA. Genenta has begun scouting for these targets. It has struck a deal that would see it acquire tactical rifles and special-forces weapon systems maker ATC, if certain performance milestones are met. ATC holds NATO qualifications as well as authorization from Italy's defense ministry. In 2026, ATC projects €2.0 million in EBITDA, and it exp Show less Read more
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