{
 "as_of": "2026-11-06",
 "cmr": "it-cm-kg/EXGM/IT0005562514",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# VALICA (Euronext Growth Milan: IT0005562514) — research page\n\nAs of 2026-11-06 · it-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is VALICA, listed on Euronext Growth Milan under ticker IT0005562514, ISIN IT0005562514, LEI 815600ECA835CC2C6950. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 29 filings across 23 filing days in the twelve months to 2026-11-06. The median gap between filing days is 8.0 days, below the exchange median of 11.0 days. Latency from the latest filing to the record date is 1 day, below the exchange median of 21 days. The exchange median filing count is 5 across 203 issuers. The sector median is not on the record. The latest filing is dated 2026-11-05 and is of type 2.3, Notifiche di partecipazioni rilevanti.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is not set: the issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable for this issuer. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's own investor-relations page.\n\n## Open research\n\nOne openly published research note is on the record, by EnVent, dated 2024-10-21.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No sealed years are held for the issuer. The market's earliest sealed date and the start of the live record are not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.it-cm-kg.ai/events/EXGM/IT0005562514 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://it.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.borsaitaliana.it/borsa/azioni/elenco-completo-studi-societari.html?isin=IT0005562514&mic=EXGM&lang=en (open research)\n- https://mcp.it-cm-kg.ai/record/EXGM/IT0005562514 (the record)\n",
 "market": "IT",
 "node": "it-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the IT vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "IT",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "IT",
    "state": "not_on_record"
   },
   "changes": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "it-cm-kg/EXGM/IT0005562514",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 203,
     "median_cadence_gap_days": 11,
     "median_filings": 5,
     "median_latency_days": 21,
     "name": "Euronext Growth Milan"
    },
    "sector": {
     "market": "IT",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "1.2 | Informazioni periodiche previste dalla regolamentazione | tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE | Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate": 1,
    "2.3 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 12 della direttiva 2004/109/CE | Notifiche di partecipazioni rilevanti": 1,
    "3.1 | Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare | tutte le informazioni che non rientrano nelle sottoclassi di cui ai punti 1.1, 1.2 e 1.3 e ai punti da 2.1 a 2.6, ma che l'emittente, o qualsiasi altra persona che abbia chiesto l'ammissione di valori mobiliari alla negoziazione in un mercato regolamentato senza il consenso dell'emittente, ha comunicato in ottemperanza a un obbligo previsto dalle disposizioni legislative, regolamentari o amministrative di uno Stato membro adottate ai sensi dell'articolo 3, paragrafo 1, della direttiva 2004/109/CE | Ulteriori informazioni previste dalla regolamentazione che le disposizioni legislative di uno Stato membro impongono di comunicare": 19,
    "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction": 4,
    "REGEM | Informazioni previste dall'art. 65,ter, comma 1-bis del Regolamento Consob n.11971/1999 | Tutte le informazioni che non rientrano nelle precedenti sottoclassi e che sono comunque da diffondere e stoccare con le modalità previste per le informazioni regolamentate | A titolo esemplificativo: le informazioni periodiche aggiuntive di cui all'art. 82-ter del Regolamento Consob 11971/1999, le informazioni da pubblicare ai sensi dei regolamenti delle società di gestione dei mercati con le modalità previste per le informazioni regolamentate": 4
   },
   "cadence_median_gap_days": 8,
   "filing_days": 23,
   "filings": 29,
   "latency_days": 1,
   "latest": [
    {
     "category": "2.3 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 12 della direttiva 2004/109/CE | Notifiche di partecipazioni rilevanti",
     "date": "2026-11-05",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-11/20261105_191415.pdf",
     "title": "Comunicazione ai sensi degli artt. 17 e 26 del Regolamento Emittenti Euronext Growth Milan: Cambiamento sostanziale delle partecipazioni degli azionisti significativi",
     "type": "2.3 | Informazioni previste dalla regolamentazione fornite su base continuativa | tutte le informazioni comunicate ai sensi dell'articolo 12 della direttiva 2004/109/CE | Notifiche di partecipazioni rilevanti"
    },
    {
     "category": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction",
     "date": "2026-10-09",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-10/20261009_190452.pdf",
     "title": "INTERNAL DEALING",
     "type": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction"
    },
    {
     "category": "1.2 | Informazioni periodiche previste dalla regolamentazione | tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE | Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate",
     "date": "2026-09-30",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-09/20260930_189932.pdf",
     "title": "IL CONSIGLIO DI AMMINISTRAZIONE DI VALICA APPROVA I RISULTATI CONSOLIDATI AL 30 GIUGNO 2026",
     "type": "1.2 | Informazioni periodiche previste dalla regolamentazione | tutte le informazioni comunicate ai sensi dell'articolo 5 della direttiva 2004/109/CE | Relazioni finanziarie semestrali e relazioni di revisione semestrali/revisioni limitate"
    },
    {
     "category": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction",
     "date": "2026-08-04",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-08/20260804_187875.pdf",
     "title": "INTERNAL DEALING",
     "type": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction"
    },
    {
     "category": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction",
     "date": "2026-08-03",
     "source": "https://www.emarketstorage.it/sites/default/files/comunicati/2026-08/20260803_187774.pdf",
     "title": "INTERNAL DEALING",
     "type": "MANTRA | Internal Dealing | Operazioni persone rilevanti e strettamente associate (internal dealing) - Manager's transaction"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.it-cm-kg.ai/events/EXGM/IT0005562514",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Growth Milan"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005562514"
   },
   "jurisdiction": {
    "market": "IT",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN IT0005562514)",
    "state": "sourced",
    "value": "815600ECA835CC2C6950"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "VALICA"
   },
   "sector": {
    "market": "IT",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "IT",
    "state": "not_on_record"
   },
   "segment": {
    "market": "IT",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/it roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IT0005562514"
   },
   "website": {
    "market": "IT",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "IT",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "IT",
  "node": "it-cm-kg",
  "numbers_hash": "sha256:e4d6ac5304024a5866940dfc4d905e840db518a189fcede8c0dc148cde8d9784",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2024-10-21",
     "kind": "issuer-sponsored",
     "publisher": "EnVent",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-12",
     "source": "https://www.borsaitaliana.it/borsa/azioni/elenco-completo-studi-societari.html?isin=IT0005562514&mic=EXGM&lang=en",
     "state": "sourced",
     "title": "Valica S.p.A."
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://it.eu-cm-kg.ai/book/aio.json",
    "door": "https://it.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/it/mifid-ii-product-governance/r1",
   "section": "it.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.it-cm-kg.ai/record/EXGM/IT0005562514",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:e4d6ac5304024a5866940dfc4d905e840db518a189fcede8c0dc148cde8d9784",
 "path": "/it/EXGM/IT0005562514",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is VALICA, listed on Euronext Growth Milan under ticker IT0005562514, ISIN IT0005562514, LEI 815600ECA835CC2C6950. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 29 filings across 23 filing days in the twelve months to 2026-11-06. The median gap between filing days is 8.0 days, below the exchange median of 11.0 days. Latency from the latest filing to the record date is 1 day, below the exchange median of 21 days. The exchange median filing count is 5 across 203 issuers. The sector median is not on the record. The latest filing is dated 2026-11-05 and is of type 2.3, Notifiche di partecipazioni rilevanti.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is not set: the issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable for this issuer. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/it/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's own investor-relations page.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "One openly published research note is on the record, by EnVent, dated 2024-10-21.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No sealed years are held for the issuer. The market's earliest sealed date and the start of the live record are not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.it-cm-kg.ai/events/EXGM/IT0005562514"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://it.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.borsaitaliana.it/borsa/azioni/elenco-completo-studi-societari.html?isin=IT0005562514&mic=EXGM&lang=en"
  },
  {
   "for": "the record",
   "source": "https://mcp.it-cm-kg.ai/record/EXGM/IT0005562514"
  }
 ],
 "title": "VALICA (IT0005562514) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}