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IDEX Biometrics ( (IDXAF) ) has shared an announcement.
IDEX Biometrics ASA has announced a private placement of up to NOK 20 million through the issuance of new shares to accelerate its path to profitability and fund general corporate purposes. The placement will be divided into two tranches, with the first not contingent on the second, and is aimed at raising capital efficiently while ensuring market-based pricing. The company is also considering a subsequent offering for existing shareholders who did not participate in the private placement. Additionally, IDEX is currently engaged in a legal dispute with Alta Consulting over financial terms following the termination of its former CEO.
More about IDEX Biometrics
IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Their solutions, built on patented sensor technologies and software, target card-based applications for payments and digital authentication. The company partners with leading card manufacturers and technology companies to bring their solutions to market.
YTD Price Performance: -55.38%
Average Trading Volume: 84,745
Current Market Cap: NOK171.9M
Find detailed analytics on IDXAF stock on TipRanks’ Stock Analysis page.