IDEX Biometrics raises 30m Norwegian kroner via private placement

IDEX Biometrics ASA plans to raise 30 million Norwegian kroner through a private placement of 9,090,909 new shares at 3.30 kroner each.

Key insiders including the chief executive and chief financial officer's associated companies will underwrite up to 30 million kroner, receiving a 5% underwriting fee in shares. The proceeds will fund commercialization efforts aligned with the company's new business strategy.