Core Points - IDEX Biometrics ASA announced the exercise of 17,258 Warrants A, leading to the issuance of 17,258 new shares at an exercise price of NOK 0.15 each [2] - The company's share capital will increase to NOK 124,739,134.80, divided into 831,594,232 shares with a nominal value of NOK 0.15 following the registration of the share capital increase [3] - The company specializes in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, partnering with leading card manufacturers and technology companies [4]

Issuer name: IDEX Biometrics ASA Ex. date: 11 March 2025 Type of corporate action: Possible subsequent offering (repair issue) This information is published in accordance with the requirements of the Continuing Obligations. ...

Core Points - IDEX Biometrics ASA has announced irrevocable undertakings from certain existing shareholders for a total loan amount of NOK 30 million [1] - A possible subsequent offering is planned to raise up to NOK 6 million, subject to approval by an Extraordinary General Meeting [1] - The Extraordinary General Meeting is expected to be held on or about 11 April 2025 [1] Offering Details - The terms and conditions of the subsequent offering were announced on 11 March 2025 [2] - The last day including the right to participate in the offering is 10 March 2025, with the ex-date on 11 March 2025 and the record date on 12 March 2025 [2] - The maximum number of new shares to be issued is 600,000,000, with a subscription price set at NOK 0.01 [2] Regulatory Compliance - The Subsequent Offering will be conducted in accordance with an offering prospectus that must be approved by the Norwegian Financial Supervisory Authority [3] - This information is published to comply with the requirements of the Continuing Obligations [3]

Oslo, 11 March 2025 NOTE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. LOAN FINANCING SECURED AND PROPOSED DEBT CONVERSIONIDEX Biometrics ASA ("IDEX" or the "Company") announces that the Company has received irrevocable un ...

Core Insights - IDEX Biometrics ASA has initiated a strategic review due to low revenues and a lack of revenue-generating agreements in Q4 2024, leading to a fundamental shift in its market approach [1] - The company has identified unique competitive advantages in its biometric Access technology, positioning itself to offer a comprehensive product line to customers and channel partners [2][3] - IDEX Access is expected to provide better monetization opportunities without heavy reliance on third-party market adoption, allowing the company to control the product, customer journey, and pricing [3] Business Strategy - The company will focus on launching the IDEX Multiuse Access Card, targeting both logical and physical access markets, with an anticipated launch in Q3 2025 [4] - While emphasizing the access market, IDEX will continue to maintain its presence in the payment market [4] Management Changes - The Board has decided to change management, appointing Anders Storbråten as the new CEO, who has extensive experience in technology companies and investment banking [5] - The restructuring will involve organizational and budgetary changes, including a reduction in the cost base and reallocation of resources to maximize return on investment [6] Organizational Focus - IDEX aims to align and energize the organization with clearly defined objectives and key results (OKRs) for each individual [7] - The company will enhance communication with shareholders, focusing on transparency and providing ongoing status reports on its commercial rollout [7]

Group 1 - IDEX Biometrics has received a production order valued at approximately USD 50,000 from Beautiful Card Corporation for a biometric payment card program in the Japanese market [1] - Beautiful Card Corporation is positioned as a leader in the biometric smart card sector, focusing on payment and access cards globally [2] - IDEX Biometrics specializes in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, leveraging patented technologies [3] Group 2 - The announcement was made in compliance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act [5]

Core Viewpoint - IDEX Biometrics ASA has announced the commencement of the exercise period for Warrants A, allowing holders to subscribe for new shares at a price of NOK 0.15, with the exercise period running from 28 February 2025 to 13 March 2025 [2][3]. Summary by Sections Warrants Exercise Details - The exercise period for Warrants A starts on 28 February 2025 and ends on 13 March 2025 at 16:30 CET [3]. - Each Warrant allows the holder to subscribe for one new share at a subscription price of NOK 0.15 [3]. - Unexercised Warrants A will lapse without compensation [3]. - Warrants B can be exercised from 31 March 2025 to 11 April 2025 [3]. Exercise Procedure - Holders must submit a completed exercise form to the Manager and pay the total subscription price for the new shares [4]. - The Exercise Form is available on the Company and Manager's websites [4]. Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [6]. - The company's technology is based on patented sensor technologies and integrated circuit designs, targeting card-based applications for payments and digital authentication [6].

Core Insights - IDEX Biometrics ASA has released its interim report for Q4 2024, highlighting key developments and financial results [1][2]. Financial Performance - The company reported no product revenues in Q4 2024 [4]. - Operating expenses, excluding cost of products sold and bad debt provisions, were $2.4 million, which is below the target of $2.5 million [4]. - The net loss for Q4 2024 was $2.1 million, which included a net financial gain of $2.4 million from the value change of warrants and derivatives related to convertible debt. Adjusted for these items, the net loss would have been $4.6 million [4]. - A non-cash impairment of goodwill amounting to $968 thousand was recorded in Q4 [4]. - The cash balance as of December 31, 2024, was $2.0 million [4]. Business Developments - The IDEX PAY platform has been certified, allowing manufacturers to launch biometric payment card programs with Visa and Mastercard globally [4]. - IDEX Biometrics' partner KONA I became the first manufacturer certified by Mastercard for both PVC and metal biometric cards [4]. - An order was received from DigAware for a biometric sensor solution to enhance their smart badges, which will incorporate RFID radios for emergency situations [4]. - The first commercial launch in Japan is planned with Life Card, targeting the first half of 2025 [4]. - The company streamlined global operations and progressed on cost efficiencies, aligning resources with key market priorities [4].

Core Insights - A leading smart card technology company in the Middle-East & Africa has placed an order for 10,000 biometric smart cards with IDEX Biometrics, marking the first Visa program utilizing IDEX Pay biometric technology [1] - The order supports Visa's biometric bank card programs in a rapidly growing payment market in the region [1] - IDEX Biometrics partners with over 500 banks, governments, and corporations globally, enhancing its market presence [1] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented sensor technologies and integrated circuit designs, targeting card-based applications for payments and digital authentication [3] - IDEX Biometrics collaborates with leading card manufacturers and technology companies to bring its solutions to market, emphasizing convenience and security for users [3] Industry Trends - The pace of innovation in biometric smart card manufacturing is accelerating, with certifications enabling partners to move towards industrialized production and commercialization [2] - The advancements in biometric technology are aimed at providing more secure payments, access, and identity control for consumers worldwide [2]

Group 1 - KONA I has received Mastercard's Letter of Approval for biometric PVC payment cards, enabling global issuance and deployment [1] - KONA I is the first company to obtain Mastercard approval for both PVC and metal biometric cards, with an annual production capacity exceeding 60 million smart cards [2][3] - The partnership between KONA I and IDEX Biometrics enhances secure payments and identity control for consumers worldwide [3] Group 2 - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [4]