Investors receive one warrant for every two shares purchased in deal
By Devika Patel
Knoxville, Tenn., April 11 - Idex ASA said it completed a NOK 32.58 million private placement of stock.
The company sold 18,098,222 shares at NOK 1.80 per share. Investors also received one warrant for every two shares bought, which are each exercisable at NOK 2.10 for one year.
Idex, with headquarters in Fornebu, Norway, specializes in the development of fingerprint recognition, authentication and verification technology.
| Issuer: | Idex ASA
|
| Issue: | Shares
|
| Amount: | NOK 32,576,800
|
| Shares: | 18,098,222
|
| Price: | NOK 1.80
|
| Warrants: | One warrant for every two shares bought
|
| Warrant expiration: | One year
|
| Warrant strike price: | NOK 2.10
|
| Settlement date: | April 11
|
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