Investors have picked up 91 percent of the rights issue Precise Biometrics announced last month hoping to raise 110 million Swedish kronor (roughly US$11.6 million) to pay for its integration with Fingerprint Cards.
The result is that Precise picks up SEK 100 million ($10.5 million) less transaction costs at the subscription price of SEK 0.82 ($0.086) per share.
Proceeds are also earmarked for the repayment of bridge financing and steps toward synergies, product development and commercial initiatives.
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