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IDEX Biometrics Concludes Private Placement, Strengthening Leadership Stake

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IDEX Biometrics Concludes Private Placement, Strengthening Leadership Stake

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An update from IDEX Biometrics ( (IDXAF) ) is now available.

IDEX Biometrics ASA announced the completion of the second tranche of a private placement involving 4,813,857 shares at NOK 3.30 per share. Key stakeholders, including CEO and CFO Anders Storbråten and chair Morten Opstad, increased their shareholdings, with Mr. Storbråten and related entities now holding 13.81% of the company’s total shares. This move strengthens the leadership’s stake in the company, potentially impacting its strategic direction and market confidence.

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.

YTD Price Performance: -57.29%

Average Trading Volume: 217,427

Current Market Cap: NOK148.5M

For an in-depth examination of IDXAF stock, go to TipRanks’ Overview page.

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