Fingerprints Executes Rights Issue and Secures Loan with Gernandt & Danielsson's Guidance
Deal News | Feb 14, 2025 | Gernandt & Danielsson Advokatbyr
Gernandt & Danielsson, a notable Swedish law firm, is advising Fingerprints, a prominent player in the biometric technology industry, in a financial maneuver involving a rights issue and the acquisition of a short-term loan. This strategic move aims to bolster Fingerprints' financial standing. The rights issue, a common method for companies to raise capital by offering existing shareholders the right to buy additional shares at a discounted price, will help the company to generate necessary funds. The short-term loan provides immediate liquidity needed for operational activities and potential strategic investments. Overall, this consulting engagement underscores the role of expert legal advisory in facilitating critical financial decisions and structuring in corporate finance.
Sectors
- Biometric Technology
- Legal Services
- Corporate Finance
Geography
- Sweden – Gernandt & Danielsson is a Swedish law firm and the advising entity in this transaction.
Industry
- Biometric Technology – Fingerprints operates within the biometric technology sector, specializing in developing fingerprint sensors and solutions.
- Legal Services – Gernandt & Danielsson Advokatbyr is part of the legal services industry, providing advisory services for financial transactions.
- Corporate Finance – The transaction involves financial structuring, a key aspect of corporate finance activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gernandt & Danielsson Advokatbyr | Legal Advisor | Company | A prominent Swedish law firm providing legal advice and support for financial transactions. |
| Fingerprints | Target Company | Company | A company specializing in biometric technology, focused on fingerprint sensor solutions. |