NEXT Biometrics enters NOK 12 million convertible loan with existing shareholders

Reuters2026/07/31 16:27

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NEXT Biometrics signed a NOK 12 million conditional convertible loan with a group of existing shareholders, pending EGM approval.
Funds to be disbursed on or before Aug. 3; failure to secure EGM approval triggers repayment without interest.
Loan carries 12% annual interest; maturity set three months from disbursement; accrued interest capitalized at maturity.
Default outcome is conversion at NOK 0.1 per share on maturity; lenders can opt for cash repayment with notice.
Facility is unsecured; ranks pari passu with other unsecured debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEXT Biometrics Group ASA published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NEXT Biometrics enters NOK 12 million convertible loan with existing shareholders

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