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IDEX Biometrics ( (IDXAF) ) just unveiled an announcement.
IDEX Biometrics ASA has received a conversion notice from CVI Investments, Inc. to convert 15 convertible bonds with a total value of NOK 4,998,000 into equity at a price of NOK 6.50 per share. The transaction results in the issuance of 768,923 new shares to CVI Investments and increases IDEX Biometrics’ share capital from NOK 62,600,677 to NOK 63,369,600, divided into an equal number of shares with a nominal value of NOK 1.00 each, modestly diluting existing shareholders while strengthening the company’s equity base and reflecting continued use of its convertible financing arrangement.
More about IDEX Biometrics
IDEX Biometrics ASA is a Norway-based technology company in the biometrics industry, specializing in identity-first biometric solutions for secure access and payment applications. Its proprietary, globally certified technology is used by financial institutions, enterprises, public-sector organizations, banks, and card issuers to enable secure and seamless digital and physical authentication and payment experiences.
YTD Price Performance: 4.76%
Average Trading Volume: 153,239
Current Market Cap: NOK413.2M
For detailed information about IDXAF stock, go to TipRanks’ Stock Analysis page.