Precise Biometrics announces change in shares and votes

December 30, 2016 - 

Precise Biometrics has carried out a rights issue of 14,925,373 shares through a private placement directed to a group of qualified Swedish and international investors.

As announced on December 14, the purpose of the private placement is to finance Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining its current financial position.

Before the rights issue there were a total of 345,306,094 shares in Precise Biometrics, corresponding to the same number of votes. After the rights issue and per 30 December 2016 there are a total of 360,231,467 shares and votes in the company.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. Connect with Stephen on LinkindIn.