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The latest update is out from IDEX Biometrics ( (IDXAF) ).
IDEX Biometrics has completed the second tranche of a previously announced private placement, issuing 1,642,363 new shares at NOK 3.00 per share following approval at an extraordinary general meeting, as part of a total 7,333,333-share offering. In a notable insider participation, Pinchcliffe AS, a company closely related to CEO and CFO Anders Storbråten, subscribed for 616,667 shares, raising Storbråten’s and related parties’ combined stake to 12,335,515 shares, or 18.97% of the company’s outstanding shares and voting rights, underscoring strong insider confidence and further concentrating ownership at the top leadership level.
More about IDEX Biometrics
IDEX Biometrics ASA is a Norway-based biometrics company focused on identity-first solutions for access and payments. With more than a decade of proprietary innovation, its biometric technologies are globally certified and deployed by leading financial institutions, serving enterprises, public sector clients, banks and issuers through direct and partner channels to secure both digital and physical transactions.
YTD Price Performance: -9.30%
Average Trading Volume: 179,000
Current Market Cap: NOK362.1M
Find detailed analytics on IDXAF stock on TipRanks’ Stock Analysis page.