Idex Biometrics Raises NOK22 Million from Share Sale

12:19 AM EST, 12/05/2025 (MT Newswires) -- Idex Biometrics (IDEX.OL) said Friday it raised 22 million Norwegian kroner from a two-tranche private placement of 7,333,333 shares at 3 kroner apiece. The issuance of shares under the second tranche remains subject to shareholders' approval at an extraordinary general meeting expected to be held either at the end of December 2025 or in early January 2026. Following the issuance of the shares under the first tranche, the Norwegian fingerprint biometrics company's share capital increased to 62.6 million kroner. Subject to the second tranche's completion, share capital will further grow to 64.2 million kroner. Settlement of the first tranche is expected by Dec. 9, 2025, while that for the second tranche is expected in early January 2026. Net proceeds will finance the company's efforts to boost profitability, working capital needs, and general corporate expenditures.