Precise Biometrics intends to undertake a private placement of shares
Precise Biometrics AB (publ) (“Precise Biometrics” or the “Company”) (Nasdaq Stockholm ticker: PREC) announces its intention to undertake a private placement of shares.For the purpose of financing Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining the Company’s current financial position, the board of directors intends to resolve, based on the authorization by the 2016 annual general meeting, on a private placement of shares in order to raise gross proceeds of up to SEK 50 million (the “Private Placement”).The Private Placement is directed to Swedish and
