Precise Biometrics has completed a private placement of shares
The board of directors of Precise Biometrics AB (publ) (“Precise Biometrics” or the “Company”) (Nasdaq Stockholm ticker: PREC) has, based on the authorization from the annual general meeting held on 17 May 2016, resolved to issue 14,925,373 new shares in Precise Biometrics through a private placement directed to a group of qualified Swedish and international investors (the “Private Placement”). The purpose of the Private Placement is to finance Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining the Company’s current financial position. The Private Placement was
