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Still in [[1937]] the company, until then directly owned by Isaia Levi as a sole proprietorship, was transformed into a public limited company, which is why a new joint-stock company was founded, the [[Sapem]]. (acronym for ''Società anonima penne e matite'') to which was conferred the ownership of the ''Fabbrica italiana di penne a serbatoio Aurora''.

Still in [[1937]]<ref>the year is indicated in [http://www.impreseneltempo-torino.it/index.php/imprese-nel-tempo/biografie-impresa/aurora/aurora-saprem this reconstruction] of the company history published by the Chamber of Commerce of Turin, which we have taken as a reference for data regarding the ownership structure of the company.</ref> the company, until then directly owned by Isaia Levi as a sole proprietorship, was transformed into a public limited company, which is why a new joint-stock company was founded, the [[Sapem]] (acronym for ''Società anonima penne e matite'') to which was conferred the ownership of the ''Fabbrica italiana di penne a serbatoio Aurora''.