ABGSC acted as sole manager and bookrunner in connection with the NOK 105m private placement in IDEX Biometrics

On 12 May 2020, IDEX Biometrics announced the successful completion of a private placement raising gross proceeds of NOK 105m through the allocation of 65,341,413 new shares at an offer price of NOK 1.60 per share. The private placement took place through an accelerated book building process after close of trade on 11 May 2020.
The net proceeds from the Private Placement will be used to fund growth opportunities and for general corporate purposes.
Vince Graziani, CEO of IDEX said: “We are very pleased to secure this funding from existing and new shareholders. This capital will enable the company to deliver on our commitments to current customers and new customers for our impending large scale commercialization. This investment is a strong endorsement of the massive value creation potential of IDEX’s fingerprint sensor technology in the biometric payment cards market. With the recent certifications from two of the world’s largest payment networks, payment card makers and card issuers can begin to supply contactless biometric payment cards with confidence.”