FB pixel

Zwipe rings opening bell at Oslo Stock Exchange marking first day of trading

Zwipe rings opening bell at Oslo Stock Exchange marking first day of trading
 

Biometric technology company Zwipe opened the first day of trading of its shares on Oslo Stock Exchange’s Merkur Market today under the ticker symbol ZWIPE-ME. At 09:00 CET, CEO André Løvestam and the Zwipe management team and board of directors rang the opening bell at the Oslo Stock Exchange to mark this significant milestone in the company history.

This follows a recent NOK 120 million (USD $14 million) capital raise to strengthen the company’s financial position and fund the further development and commercialization of its technology.

“On a mission of Making Convenience Secure, Zwipe is positioned at the forefront of a global shift towards contactless payment,” Zwipe CEO André Løvestam commented on the first day of trading. “Partnering with global industry leaders, we are on the cusp of making Zwipe-enabled biometric payment cards available to consumers worldwide. Through the successful capital raise and today’s admission to trading on Merkur Market we have strengthened our balance sheet and broadened our shareholder base, both important factors supporting us as we continue to pursue our growth strategy.”

According to a company announcement, a total of 15,946,205 shares with a face value of NOK 20.00 will today be admitted to trading on Merkur Market. A total of 6,000,000 new ordinary shares were issued following Zwipe’s recent share offering, raising USD $14M in new equity capital for the company. In addition, a convertible loan of USD $1.1M including accrued interest was converted to a total of 520,543 new ordinary shares in the company. Prior to the share offering and loan conversion, Zwipe had 9,425,662 ordinary shares outstanding.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Digital identity leaders shepherd wallets into the mainstream

Discussion and debate at the European Identity and Cloud (EIC 2024) conference focused largely on how to achieve trust among…

 

Suprema, Strata Identity, Gunnebo gain security certifications

Recent certifications for Suprema, Strata Identity, Gunnebo and ISS reflect the broader industry trend towards stringent information security measures, ensuring…

 

Biometrics entering everyday activities via rising technologies

Biometrics underpin the new technologies that people will soon use on a daily basis for everything from payments to age…

 

Anticipation for Metalenz and Samsung’s answer to Face ID mounts

After Samsung and Metalenz collaborated to incorporate Samsung’s Isocell Vision 931 image sensor into Metalenz’s Polar ID imaging technology, Mashable…

 

Germany beefs up border security ahead of UEFA Championship

Germany has been ramping up security measures such as border checks and CCTV surveillance in preparation UEFA European Football Championship…

 

Inverid and Cybernetica team up to secure digital ID, signatures with biometric MFA

A new partnership has been formed by Inverid and Cybernetica to combine the NFC ID document-scanning capabilities of the former…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events