Adding debt and cutting costs, Idex says it’s good to 2025

Idex Biometrics has raised NOK 35 million (US$3.22 million) in a private placement of 78.6 million new shares priced at NOK 0.445 ($0.041) each. The biometrics sensor, chip and software maker also has signed a term sheet for a proposed convertible NOK 100 million ($9.2 million) bond with an unidentified institutional investor.

At the same time, Idex is cutting operating expenses to $4 million per quarter. No specifics have been announced.

Officials say that the cuts and the signed and …

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