Brief: Idex Biometrics Contemplates Private Placement

Idex Biometrics ASA

15/11/2023 15:44

Nov 15 (Reuters) - Idex Biometrics ASA  IDEX.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATES PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF
UP TO
NOK 35 MILLION
    * IS ALSO TAKING FURTHER ACTIONS TO IMPROVE EFFICIENCIES
    * WITH PROCEEDS FROM CONTEMPLATED PRIVATE PLACEMENT,
CONVERTIBLE
BOND, EXPECTS TO BE FULLY FUNDED THROUGH 2024
    * PRIVATE PLACEMENT MAY BE DIVIDED INTO TWO TRANCHES
    * TRANCHE 1 WILL CONSIST OF UP TO 131,603,374 OFFER SHARES
    * TRANCHE 2 WILL CONSIST OF UP TO NUMBER OF OFFER SHARES
THAT,
TOGETHER WITH TRANCHE 1 OFFER SHARES, IS NECESSARY IN ORDER TO
RAISE GROSS PROCEEDS OF UP TO NOK 35 MILLION
    * INTENDS TO REDUCE COSTS TO ENABLE REDUCTION TO QUARTERLY
OPEX
LEVEL OF ABOUT USD 4 MILLION

Source text for Eikon:  ID:nGNE4RPV5q 
Further company coverage:  IDEX.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))