(Alliance News) - Cube Labs Spa announced Wednesday the assignment of corporate broking to Websim by Intermonte.

Websim by Intermonte, known for its expertise in the financial sector, will take on with the mandate of corporate broking, analysis activities and coverage of Cube Labs' stock, as well as organize and coordinate road-shows in important Italian and international marketplaces.

"This assignment aims to enhance the visibility and understanding of the value of Cube Labs in the financial market," the company specified in a note.

Filippo Surace, CEO and founder of Cube Labs, said, "With the qualified input of Websim Corporate, in the role of corporate broking, we will have equity research that will allow us to provide the financial market with a broader view and assessment of Cube Labs. Broadening the coverage of the stock is a key avenue to deepen our innovative business model and potential and to be able to broaden the network of both institutional and retail investors and private bankers. We firmly believe in transparency and wide dissemination of information to achieve the best possible positioning in the financial market."

Cube Labs closed Wednesday flat at EUR2.04 per share.

By Chiara Bruschi, Alliance News reporter

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