Norwegian fingerprint sensor firm Next Biometrics has announced that it will offer up to 200,000 new shares in a subsequent offering, as outlined in a prospectus.The subsequent offering and listing of up to 200,000 offer shares will see each have a nominal value of nok 1.00 ($0.12), at a subscription price of nok 133.00 per offer share, with subscription rights for eligible shareholders.It says that the purpose of the Subsequent Offering is to enable the Eligible Shareholders to subscribe for Shares in the Company at the same price as in a previous Private Placement, thus limiting dilution of their shareholding.The subscription period will commence on 4 July 2016 and end on 25 July 2016 at 16:30 hours (CET).In the share document, Next outlines details of its key shareholders.On 3 May 2016, the company announced the intention to launch the Private Placement of 1,240,000 new shares (the “Placement Shares”) directed towards Norwegian and international investors. On 4 May 2016, the Company announced that the Private Placement had been completed successfully.It has said that the net proceeds from the Private Placement will be used in sensor production investments, including flexible sensor production investments (approximately NOK 40 million in total), and further Smart Card related R&D (approximately NOK 80 million in total) and general corporate purposes (approximately NOK 40 million).

Also in the news:

Default ThumbnailBioCatch wins screen pressure patent Default ThumbnailDHS unveils Trusted Traveler comparison tool Default ThumbnailMobile driving licences coming into sharp focus at connect:ID 2017