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An update from IDEX Biometrics ( (IDXAD) ) is now available.
IDEX Biometrics ASA has announced the issuance of 299,381,600 new shares to its employees, contractors, and directors as part of a Personnel Placement initiative. This move aims to incentivize personnel in implementing the company’s amended business plan and commercializing its products. The shares, representing approximately 6.7% of the total outstanding shares, are subject to an 18-month restriction period, with a staggered release schedule. The issuance is deemed compliant with equal treatment obligations and is expected to align the interests of the company and its shareholders, despite the significant discount offered on the subscription price.
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 and partners with leading card manufacturers and technology firms to bring its solutions to market.
YTD Price Performance: -59.48%
Average Trading Volume: 20,372,334
Current Market Cap: NOK180.1M
Learn more about IDXAD stock on TipRanks’ Stock Analysis page.
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