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IDEX Biometrics ( (IDXAF) ) has issued an announcement.
IDEX Biometrics has announced a private placement of 9,090,909 shares at NOK 3.30 per share, involving a share lending agreement with major shareholder and primary insider Mr. Storbråten. This strategic move, which includes the temporary lending of 4,359,315 shares, aims to facilitate the settlement of Tranche 2, with the shares to be returned in due course. Following this transaction, Mr. Storbråten and his close relations hold 13.20% of the total outstanding shares and votes in the company, reflecting a significant stake and influence within IDEX Biometrics.
More about IDEX Biometrics
IDEX Biometrics ASA is a global technology leader specializing in fingerprint biometrics. The company provides authentication solutions for payments, access control, and digital identity, focusing on card-based applications. IDEX partners with leading card manufacturers and technology companies to deliver its biometric solutions, which are built on patented sensor technologies, integrated circuit designs, and software.
YTD Price Performance: -51.40%
Average Trading Volume: 227,462
Current Market Cap: NOK171.9M
Learn more about IDXAF stock on TipRanks’ Stock Analysis page.