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Precise Biometrics AB' Rights Issue Oversubscribed



10/9/2012 11:02:45 AM

STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Precise Biometrics AB (STO:PREC) has successfully completed a rights issue with preferential rights which has supplied the Company with approximately SEK 54.4 million prior to issue costs. The rights issue was subscribed to 139.6% and is carried out principally to enable further marketing, sales and development of Tactivo™, but also product development for other brands of smartphones and tablets. Furthermore the rights issue was carried out to ensure a more cost effective alternative to the credit facility that was taken in March 2012.

Read at BioSpace.com


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