Brief: Idex Biometrics Completes Private Placement

Idex Biometrics ASA

10/11/2021 07:07

Nov 10 (Reuters) - Idex Biometrics ASA  IDEX.OL :
    * REG-IDEX BIOMETRICS ASA: PRIVATE PLACEMENT SUCCESSFULLY
COMPLETED ON 9 NOVEMBER 2021
    * PRIVATE PLACEMENT HAS BEEN SUCCESSFULLY COMPLETED AND WILL
RAISE
GROSS PROCEEDS TO COMPANY OF APPROX. USD 30 MILLION
    * ISSUE OF 89,777,824 NEW SHARES AT A PRICE OF NOK 2.85 PER
OFFER
SHARE
    * INTENDS TO USE NET PROCEEDS FROM PRIVATE PLACEMENT TO
COVER
FORECASTED CASH REQUIREMENTS UNTIL POINT OF CASHFLOW BREAK EVEN
AS WELL AS FOR GENERAL CORPORATE PURPOSES

Source text for Eikon:  ID:nGNE97yGyG 
Further company coverage:  IDEX.OL 

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