• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

ImageWare Raises $5M Through Direct Share Offering

April 30, 2019

“In a statement announcing the capital raise, ImageWare said it would use the net proceeds for general corporate purposes.'”

ImageWare Raises $5M Through Direct Share Offering

ImageWare has raised about $5.0 million through a share offering, the company has announced.

It was a direct offering of 4,545,455 shares of common stock that saw subscriptions from institutional investors, at a price of $1.10 per share. ImageWare says it plans to accept the subscriptions and deliver the share on May 1st.

In a statement announcing the capital raise, ImageWare said it would use the net proceeds “for general corporate purposes.”

The maneuver comes after ImageWare raised $8.9 million in a private placement last September, at which time lenders also converted $6.9 million of ImageWare’s debt into 6,897 shares of Series A Convertible Preferred Stock.

The development also arrives about a month after ImageWare’s year-end corporate update, in which the biometric authentication solutions provider outlined growth in revenues as well as a higher net loss year over year. CEO Jim Miller asserted in the update that ImageWare was transitioning to a new business model based on recurring revenues and new cloud-based and mobile products, with institutional investors evidently signalling their faith in the firm through this latest stock offering.

–

April 30, 2019 – by Alex Perala

Related News

  • ImageWare Frees Up Shares for New Executive Hires in Latest Corporate UpdateImageWare Frees Up Shares for New Executive Hires in Latest Corporate Update
  • ImageWare to Issue Q1 Update on May 9ImageWare to Issue Q1 Update on May 9
  • ImageWare Closes Direct Offering with $6.125M in Net ProceedsImageWare Closes Direct Offering with $6.125M in Net Proceeds
  • ImageWare CEO Notes Growing Interest in Biometrics in Q1 UpdateImageWare CEO Notes Growing Interest in Biometrics in Q1 Update
  • ImageWare On ‘Path Toward Profitability’ In Q4/2018 UpdateImageWare On ‘Path Toward Profitability’ In Q4/2018 Update
  • ‘More Than Meets the Eye’ Behind ImageWare Q3 Update: CEO‘More Than Meets the Eye’ Behind ImageWare Q3 Update: CEO

Filed Under: News, Stocks Tagged With: Biometric, biometrics, common stock offerings, corporate news, corporate updates, direct share offerings, ImageWare, investments, share offerings, stocks

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Recent Posts

  • Acuity Market Intelligence and FindBiometrics Present: The Biometric Digital Identity Prism
  • Is Age Verification the Next Big Biometric Market?
  • Missouri Launches Mobile ID with Remote Driver’s License Renewal Feature
  • Kenya’s Leadership Lays Out Digital ID Roadmap
  • Register for the Online Event: Around the World with Secure Identity

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics