Reference is made to the notice by IDEX Biometrics ASA ("IDEX" or the "Company") on 16 September 2024, relating inter alia to certain contemplated amended terms of the Company's senior convertible bond (the "Convertible Bond"), issued to an affiliate of Heights Capital Management ("Heights") with an outstanding principal amount of NOK 66,640,000. As further stated in the notice, the Commitment Letter with an accompanying term sheet for an amendment agreement relating to such amendments would be entered into ...

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. PRIVATE PLACEMENT PLACED Reference is made to the press release from IDEX Biometrics ASA ("IDEX" or the "Company") published earlier today, 16 September 2024, regarding a c ...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY 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, 16 September 2024. IDEX Biometrics ASA (the "Company"), a leading provider of advanced fingerprint identification and authentications solutions, has retained Arctic Securities AS as ...

IDEX Corporation (IEX) recently completed the acquisition of Mott Corporation and its subsidiaries (Mott). The transaction is valued at $1 billion (including a $100 million tax benefit). The valuation equates to approximately 19 times Mott's forecasted EBITDA for the full year of 2024 and a multiple in the mid-teens based on the projected EBITDA for 2025. This deal was announced in July 2024. Based in Farmington, CT, Mott is engaged in designing and manufacturing sintered porous metal components and enginee ...

IDEX Biometrics ASA will hold an extraordinary general meeting on Monday 23 September 2024 at 12.00 hours CET as an online meeting. There is no physical attendance option. Shareholders may attend online. by PC, smartphone or tablet. The board proposes that the shareholders shall authorize the board to issue new shares. The notice with attendance form will be sent to the shareholders today and is also enclosed in pdf file (link below). The notice of the annual general meeting and the ancillary documents are/ ...

imantsu/E+ via Getty Images I highlighted my 'Buy' thesis on IDEX's (NYSE:IEX) in my previous article published in June 2024, arguing the moderation of order growth. IDEX released its Q2 result on July 31, reporting a 4% decline in organic revenue and lowering the full-year growth guidance due to project delays and overall softness in the industrial market. Despite these near-term headwinds, I favor IDEX's efforts in portfolio management and capital allocation. I reiterate 'Buy' rating with a fair price tar ...

Oslo, Norway and Nairobi, Kenya – 2 September 2024 – Vasmobile Fintelco is launching SkoolID, the African School ID and Smart Payment Card, based on the biometric card platform from IDEX Biometrics. The agreement and first production order represent a value of $1.4 million, with delivery starting in the fourth quarter of 2024. The multi-year agreement sets Vasmobile up to scale across Kenya in 2025 and further expansion into other parts of Africa as of 2026. Today Vasmobile is offering payment card solution ...

A month has gone by since the last earnings report for Idex (IEX) . Shares have added about 4.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Idex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. IDEX Q2 Earnings Top Estimates, Sales Miss,'24 View Down IDEX's sec ...

Reference is made to the notice on 29 August 2024 regarding settlement of a term payment on a convertible loan by issue of 9,123,333 shares at NOK 0.60 per share. The share capital has been registered and the shares will be delivered soonest. Following the issue, the company's share capital is NOK 50,812,483.20 divided into 338,749,888 shares, each with a nominal value of NOK 0.15. For further information contact: Marianne Bøe, Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel: +47 918 00186 Ab ...

The board of directors of IDEX Biometrics ASA has resolved to issue 1,500,000 incentive subscription rights (SRs) to the CEO of the IDEX Biometrics group. The grant was made under the company's 2024 incentive subscription rights plan as resolved at the annual general meeting on 16 May 2024. The exercise price of the SRs is NOK 0.93 per share. The SRs vest by 25% per year over four years and expire on 16 May 2029. Following this grant there are 28,729,855 incentive subscription rights outstanding in IDEX Bio ...