IDEX Biometrics Reports Share Capital Increase for 2024
IDEX Biometrics Shares Capital Increase Overview
IDEX Biometrics ASA has recently completed a significant private placement that involves the issuance of Tranche 1 shares. This procedure has attracted considerable attention due to its implications for the company's future growth and development.
Details of the Share Placement
The private placement successfully generated total gross proceeds of NOK 70 million. This funding is expected to empower IDEX Biometrics to accelerate its investment in advanced biometric solutions and further expand its market presence.
Registration of Tranche 1 Shares
The increase in share capital related to the Tranche 1 shares has been officially registered. Investors can anticipate the delivery of these shares, which will initially be listed under a separate and non-tradable ISIN. The publication of an approved prospectus by the Norwegian Financial Supervisory Authority is pending.
Current Capital Structure
Upon the completion of this share issuance, IDEX Biometrics now has a total share capital amounting to NOK 66,056,228.10. This figure is divided among 440,374,854 shares, each possessing a nominal value of NOK 0.15, which reflects the company’s solid financial foundation.
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) stands at the forefront of fingerprint biometrics technology. The company specializes in creating authentication solutions that are utilized in various fields such as payments, access control, and digital identity verification. Their innovative technologies offer users seamless and secure experiences.
Innovative Biometrics Solutions
Utilizing patented sensor technologies and integrated circuit designs, IDEX Biometrics develops biometric solutions tailored to card-based applications. These solutions are designed to enhance security while providing convenience in user experiences.
Partnerships and Market Strategy
As an industry leader, IDEX Biometrics collaborates with prominent card manufacturers and technology firms to drive the adoption of their biometric solutions in the market. This strategy is essential for enhancing product reach and establishing a robust competitive edge in the biometric solutions domain.
Contact and Investor Relations
For any inquiries or further information, interested parties can reach out to:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 918 00186
Frequently Asked Questions
What prompted the share capital increase by IDEX Biometrics?
The share capital increase results from a successful private placement aimed at raising funds for future investments in biometric technologies and expanding market opportunities.
When will the Tranche 1 shares be delivered?
The shares associated with Tranche 1 will be delivered soon after the registration and are pending the publication of an approved prospectus.
What is the total share capital of IDEX Biometrics now?
IDEX Biometrics currently holds a total share capital of NOK 66,056,228.10, distributed across 440,374,854 shares.
What products does IDEX Biometrics offer?
IDEX Biometrics focuses on fingerprint biometrics solutions that cater to payment systems, access control, and digital identity verification.
Who should I contact for investor relations at IDEX Biometrics?
For inquiries regarding investor relations, you can contact Marianne Bøe via email or phone for assistance.
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