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IDEX Biometrics Announces Private Placement with Insider Participation

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IDEX Biometrics Announces Private Placement with Insider Participation

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IDEX Biometrics ( (IDXAD) ) just unveiled an announcement.

IDEX Biometrics ASA announced a private placement of 9,090,909 shares at NOK 3.30 per share, divided into two tranches. The first tranche involved key insiders, including CEO and CFO Anders Storbråten, subscribing to significant shares, indicating strong internal confidence and potential growth opportunities for the company.

More about IDEX Biometrics

IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. The company focuses on card-based applications, partnering with leading card manufacturers and technology firms to deliver secure and seamless user experiences.

Average Trading Volume: 207,294

Current Market Cap: NOK170M

See more insights into IDXAD stock on TipRanks’ Stock Analysis page.

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