Schmack Biogas Srl signed a preliminary binding agreement to received €2 million in funding on August 28, 2019. The transaction will include participation from new investor PLC S.p.A. (BIT:PLC) which will acquire 51% stake by capital increase. The execution of the transaction is subject to the negotiation and signing, by the deadline of September 30, 2019, of the investment agreement and any other documents necessary to the completion of the transaction.