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Share issue to personnel – 14 June 2025
Globenewswire· 2025-06-15 21:52
Core Viewpoint - IDEX Biometrics ASA's board has approved the issuance of 299,381,600 new shares at NOK 0.01 per share to incentivize personnel in implementing the amended business plan and commercializing the company's products [1][2]. Group 1: Share Issuance Details - The share issuance is part of a Personnel Placement authorized by an extraordinary general meeting held on 11 April 2025, which also approved terms for debt conversion [2]. - The shares will be restricted for 18 months post-issuance, with 1/3 released after 6 months and another 1/3 after 12 months [3]. - The company retains the right to repurchase restricted shares if a holder resigns or is terminated [3]. Group 2: Compliance and Impact - The board has ensured that the Personnel Placement complies with equal treatment obligations under relevant Norwegian laws and Oslo Stock Exchange rules [4]. - The number of new shares represents approximately 6.7% of the total outstanding shares, with a limited dilutive effect on existing shareholders [4]. - The subscription price of NOK 0.01 represents a 78% discount to the closing price on 13 June 2025, with potential variations in discount due to the lock-up period and share volatility [4]. Group 3: 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 biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [6].
IDEX Biometrics ASA: New date for the share consolidation and ISIN change
GlobeNewswire News Room· 2025-06-06 16:30
Group 1 - The Company announced a share consolidation and change of ISIN, effective on 20 June 2025, as resolved by the Extraordinary General Meeting on 11 April 2025 [1][2] - The Subsequent Offering will be completed prior to the share consolidation, which has been postponed from 11 June 2025 to 20 June 2025 for technical reasons [2] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3]
IDEX Biometrics ASA: Final result of the Subsequent Offering
Globenewswire· 2025-06-06 15:20
Core Viewpoint - IDEX Biometrics ASA has successfully completed a Subsequent Offering of up to 600,000,000 new shares, which was 8 times oversubscribed, raising gross proceeds of NOK 6 million [3]. Company Information - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [13]. - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [13]. Offering Details - The Subscription Period for the Subsequent Offering commenced on 22 May 2025 and expired on 5 June 2025 [2]. - The total number of Offer Shares allocated was 600,000,000 at a subscription price of NOK 0.01 per share [3]. - The share capital increase related to the Subsequent Offering is expected to be registered in the Norwegian Register of Business Enterprises on or about 13 June 2025, resulting in a total share capital of NOK 44,316,309.99 [5]. Shareholder Information - Investors allocated Offer Shares can access their allocation information through VPS on or about 6 June 2025, with payment due on 11 June 2025 [4]. - The Offer Shares will rank equally with the company's existing shares [6].
Aware Achieves Best-in-Class Performance in DHS RIVTD Testing for Passive Liveness Detection
Globenewswire· 2025-06-03 12:30
Results Underscore the Strength of Aware Approach to Combating Fraud Without User FrictionLAS VEGAS, June 03, 2025 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading global biometric authentication company, announced today that it achieved best-in-class performance in the U.S. Department of Homeland Security’s (DHS) Remote Identity Validation Technology Demonstration (RIVTD), specifically excelling with passive liveness detection in Track 3: presentation attack detection (PAD). Led by the DHS Science ...
IDEX shares as board remuneration; Primary insider disclosure – 22 May 2025
Globenewswire· 2025-05-22 07:03
Core Points - The annual general meeting of IDEX Biometrics ASA on May 21, 2025, allowed board members to receive remuneration in shares, with the share value set at 133% of the NOK amount of board remuneration taken in shares [1] - A board member opted to receive part of their remuneration in shares, resulting in the issuance of 5,412,932 new shares, increasing the company's share capital to NOK 38,370,439.31, divided into 3,837,043,931 registered shares [2] - Board member Annika Olsson will acquire 5,412,932 shares at a price of NOK 0.01 per share, instead of receiving NOK 265,600 in cash as board remuneration [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's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [4]
The Board of Directors of Fingerprint Cards AB (publ) proposes a reverse share split of ordinary shares
Globenewswire· 2025-05-21 13:55
The Board of Directors of Fingerprint Cards AB ("FPC" or "the Company") has decided to propose to the Annual General Meeting a reverse share split of the Company's shares, whereby Class A and Class B shares will be subject to the reverse split at a ratio of 2,000:1, resulting in one (1) share for every two thousand (2,000) existing shares of the same class, with all class-specific rights and characteristics remaining unchanged (the “Reverse Share Split”). The Reverse Share Split is intended to be carried ou ...
IDEX Biometrics ASA: Company presentation
Globenewswire· 2025-05-21 10:00
In connection with the first quarter 2025 report released earlier today, IDEX Biometrics CEO Anders Storbråten will host a presentation at Arctic Securities at 12:00 CET today. The presentation is attached. For further information, please contact: Kristian Flaten, CFO, Tel: +47 95092322 E-mail: ir@idexbiometrics.com About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital ide ...
IDEX Biometrics ASA: First quarter 2025 report
Globenewswire· 2025-05-21 06:52
Core Insights - IDEX Biometrics ASA announced a new strategy on 11 March 2025, indicating a fundamental shift in how the company will market its unique technology and products [1] - The company appointed a new CEO, Anders Storbråten, to lead this strategic change [1] - IDEX secured a new debt facility of NOK 30 million, which has been converted to shares, and renegotiated the Heights convertible bond [1] - Operational improvement initiatives are underway, targeting a quarterly run rate of operating expenses (OPEX) between $1.5 million and $1.7 million by the end of Q3 2025 [1] Financial Performance - In Q1 2025, IDEX Biometrics reported revenues of $0.1 million [2] - Ordinary operating expenses for the quarter amounted to $2.4 million [3] - The net loss for the quarter was $4.1 million [3] - As of 31 March 2025, the cash balance stood at $1.1 million [3] Business Developments - The company received a production order valued at approximately USD 50,000 from Beautiful Card Corporation in Japan [2] - An order was also received from DigAware for a biometric sensor solution for access cards [2] - IDEX Biometrics secured an order for 10,000 VISA biometric cards in the Middle East & Africa region [2] - KONA I received a Letter of Approval from Mastercard for IDEX Pay biometric cards [2] - The company completed a debt conversion and launched a subsequent offering for investors to participate under the same terms as shareholders [2]
IDEX Biometrics ASA: First quarter 2025 report
GlobeNewswire News Room· 2025-05-21 06:52
Core Insights - IDEX Biometrics ASA announced a new strategy aimed at fundamentally shifting how the company markets its unique technology and products [1] - The company appointed a new CEO, Anders Storbråten, to lead this strategic change [1] - IDEX secured a new debt facility of NOK 30 million, which has been converted to shares, and renegotiated its Heights convertible bond [1] Financial Performance - For Q1 2025, IDEX Biometrics reported revenues of $0.1 million [2] - The ordinary operating expenses for the quarter amounted to $2.4 million [3] - The net loss for the quarter was $4.1 million, with a cash balance of $1.1 million as of March 31, 2025 [3] Operational Developments - The company is implementing a range of operational improvement initiatives, targeting a quarterly run rate of operating expenses between $1.5 million and $1.7 million by the end of Q3 2025 [1] - IDEX received a production order valued at approximately $50,000 from Beautiful Card Corporation in Japan [2] - The company also secured an order from DigAware for biometric sensor solutions for access cards and received an order for 10,000 VISA biometric cards in the Middle East & Africa region [2]
IDEX Biometrics ASA: Approved prospectus – 21 May 2025
Globenewswire· 2025-05-21 06:45
Core Points - IDEX Biometrics ASA has successfully completed a loan financing of NOK 30 million, which has been converted into 3,000,000,000 new shares at a subscription price of NOK 0.01 per share [1] - The company is offering up to 600,000,000 new shares at the same subscription price as the debt conversion, pending approval of a prospectus by the Financial Supervisory Authority of Norway [1][2] - The subscription period for the subsequent offering is set to begin on 22 May 2025 and will end on 5 June 2025 at 16:30 CET [3] Company Information - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [5] - The company focuses on card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [5]