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0 0 0.00152905198776769 0 -0.00152905198776755 -0.00382262996941888 0.00305810397553524 0
Stock impact report

IDEX Biometrics ASA - Contemplated Private Placement - 15 May 2024 [Yahoo! Finance]

CompoSecure, Inc. - Class A (CMPO) 
Company Research Source: Yahoo! Finance
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Oslo, 15 May 2024. IDEX Biometrics ASA (the "Company"), a leading provider of advanced fingerprint identification and authentications solutions, has retained Arctic Securities AS as sole manager and bookrunner (the "Manager") to advise on and effect a private placement (the "Private Placement") of new shares in the Company (the "Offer Shares") to raise gross proceeds of NOK 40-50 million. The net proceeds from the Private Placement will be used to fund the Company's commercialization phase, necessary product development and market development expenses, working capital requirements, as well as other general corporate purposes. The Company is also taking further actions to improve efficiencies as the Company progresses to a commercial phase. This further allows for streamlining the organisation, and in Show less Read more
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