Brief: IDEX Biometrics Announces Contemplated Private Placement

Idex Biometrics ASA

05/12/2025 08:04

Dec 5 (Reuters) -  IDEX Biometrics ASA IDEX.OL:

SAID ON THURSDAY ANNOUNCES A CONTEMPLATED PRIVATE PLACEMENT OF UP TO NOK 20 MILLION BY ISSUANCE OF UP TO 6,666,666 NEW SHARES IN THE COMPANY

THE SUBSCRIPTION PRICE IS NOK 3 PER OFFER SHARE

THE NET PROCEEDS FROM THE PRIVATE PLACEMENT WILL BE USED TO ACCELERATE TIME TO PROFITABILITY, WORKING CAPITAL NEEDS, AS WELL AS CAPITAL EXPENDITURES AND OTHER GENERAL CORPORATE PURPOSES

 Source text for Workspace: nMFN38mct0
 Further company coverage: IDEX.OL

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