Precise Biometrics (Precise) has entered into a 12-month development license agreement with RECO Biotek Co., Ltd. (RECO), a Taiwan-based provider of bio-sensing system integration solutions. Under the terms of the agreements, Precise will provide its cutting-edge sensor algorithm solution BioMatch® to be integrated into RECO's fingerprint systems. The development license agreement initially targets sensors used […]
Read MorePrecise Biometrics has signed a 12 month Evaluation License Agreement with CanvasBio, a Korean manufacturer of fingerprint sensors. This agreement is to jointly develop a fingerprint module for use in mobile phones. The agreement is an important step in the further commercialization of Precise Biometrics’ algorithms on the Asian market. In December 2022, Precise Biometrics […]
Read MoreAs previously announced, Precise Biometrics AB has carried out a rights issue of 30,951,730 ordinary shares. Through the issue, the number of votes in Precise Biometrics has increased with the same amount as the number of new ordinary shares.
Read MorePrecise Biometrics AB has performed a preferential rights issue of shares which was finalized on May 29th, 2023. The rights issue has now been registered with the Swedish Companies Registration Office and the last day of trading in paid subscribed shares (Sw. “BTA”) is June 28th, 2023. The retrieval date is June 30th, 2023, after which paid subscribed shares are transformed to shares on July 4th, 2023.
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Precise Biometrics (publ) CEO Patrick Höijer comments on the recently completed rights issue, which brings the company a little over SEK 40 million after issue costs, as well the next phase of the company’s development, which has now begun.
Read MorePrecise Biometrics AB (publ) today announces the final outcome of the rights issue with pre-emptive rights for existing shareholders (“the Rights Issue”), whose subscription period ended on May 29, 2023. In total, 13,662,355 shares, corresponding to approximately 44.1 percent of the Rights Issue, were subscribed for with and without support of subscription rights. 13,316,294 shares, corresponding to approximately 43.0 percent of the Rights Issue, were subscribed for with support of subscription rights and 346,061 shares, corresponding to approximately 1.1 percent of the Rights Issue, were subscribed for without support of subscription rights. Hence, underwriting commitments amounting to approximately 55.9 percent of the Rights Issue will be exercised, through which the Rights Issue will be fully subscribed, and Precise Biometrics will receive SEK 49.5 million before issue costs. Information on allocation of shares subscribed for without support of subscription rights will shortly be sent out in the form of settlement notes, or alternatively, if the shareholder is registered with a nominee, in accordance with the nominee’s procedures.
Read MorePrecise Biometrics AB (publ) (“Precise Biometrics” or “the Company”) today announces the preliminary subscription results of the rights issue with pre-emptive rights for existing shareholders (“the Rights Issue”), whose subscription period ended today. The preliminary outcome shows that 13 613 163 new shares were subscribed for with and without support of subscription rights, corresponding to approximately 44 percent of the Rights Issue. The Rights Issue was fully secured through subscription commitments and underwriting agreements, and thus the Company will receive approximately 49,5 MSEK before issue costs of approximately 9,0 MSEK. With the proceeds from the Rights Issue, the Company can focus on commercializing its world leading products. This includes taking advantage of new verticals within business area Algo and accelerating sales efforts within Digital Identity, with focus on the US market according to the current business plan and strategy.
Read MorePrecise Biometrics AB (“Precise Biometrics” or the “Company”) today announces that the prospectus relating to Precise Biometrics rights issue (the “Rights Issue”) has been approved and registered by the Swedish Financial Supervisory Authority (the “SFSA”, sw. Finansinspektionen) (the “Prospectus”). The Prospectus can be obtained on Precise Biometrics website, Erik Penser Bank’s website and will also be available on the SFSA’s website.
Read MoreAt the Annual General Meeting (AGM) of Precise Biometrics AB which took place on Wednesday, May 10th 2023, Torgny Hellström, Mats Lindoff, Åsa Schwarz and Peter Gullander were re-elected as Board members and Maria Rydén and Jimmy Hsu were elected as new Board members. Torgny Hellström was re-elected as chairman of the Board. The AGM also resolved, in accordance with the Board’s proposal, to amend the Articles of Association. The amendment was made to approve the Board’s resolution to increase the company’s share capital to enable the execution of the issue of ordinary shares with pre-emption rights for existing shareholders which was announced on April 3rd, 2023. All conditions appear in the notice to the annual general meeting.
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