IDEX Biometrics ASA - Amended terms of convertible bond agreement, Commitment letter signed

Core Viewpoint - IDEX Biometrics ASA has entered into a Commitment Letter with Heights Capital Management regarding amended terms for its senior convertible bond, contingent upon raising a minimum of NOK 60,000,000 from other investors [1][2]. Group 1: Company Actions - The Commitment Letter was officially executed on 17 September 2024, which includes the amended terms for the Convertible Loan [2]. - The implementation of the amended terms is dependent on the successful completion of a private placement announced on 16 September 2024 [2]. Group 2: Financial Details - The outstanding principal amount of the Convertible Bond is NOK 66,640,000 [1]. - The minimum gross proceeds required from other investors to activate the amended terms is NOK 60,000,000 [2]. Group 3: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4]. - The company focuses on card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology firms [4].