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IDEX Biometrics ASA - Key information relating to possible subsequent offering/repair offering

1. IDEX receives NOK 30 million loan commitments from existing shareholders. 2. A subsequent offering could raise NOK 6 million, pending approval. 3. Up to 600 million new shares may be issued at NOK 0.01 each. 4. Extraordinary General Meeting to approve the offering on 11 April 2025. 5. Offering prospectus will be published following regulatory approval.

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FAQ

Why Bearish?

The announcement signifies dilution due to significant new shares being issued. Historical outcomes show similar offerings often lead to price declines.

How important is it?

Shareholder loans suggest financial instability, raising concerns about funding adequacy for growth.

Why Short Term?

The immediate impact is through upcoming share dilution, affecting short-term investor sentiment.

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NOKIDEXOSLO
March 11, 2025 02:27 ET  | Source: IDEX BIOMETRICS ASA Oslo, 11 March 2025 Reference is made to the stock exchange notice from IDEX Biometrics ASA ("IDEX" or the "Company") on 11 March 2025 regarding irrevocable undertakings from certain existing shareholders for a total loan amount of NOK 30 million (“Loans”), and a possible subsequent offering, raising up to NOK 6 million, at the same subscription price as in the debt conversion related to the Loans (the "Subsequent Offering"), subject to approval by an Extraordinary General Meeting to be held on or about 11 April 2025. Date on which the terms and conditions of the subsequent offering/repair offering were announced: 11 March 2025; Last day including right: 10 March 2025; Ex-date: 11 March 2025; Record date: 12 March 2025; Date of approval: Expected to be on or about 11 April 2025 by resolution of an Extraordinary General Meeting (to be called); Maximum number of new shares: 600,000,000; and Subscription price: NOK 0.01. The Subsequent Offering will be carried out as set out in an offering prospectus (which must be approved by the Norwegian Financial Supervisory Authority) to be published prior to commencement of the subscription period. This information is published in accordance with the requirements of the Continuing Obligations.

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