Fingerprint Cards ( ($SE:FING.B) ) just unveiled an announcement.

Fingerprint Cards AB has proposed a reverse share split at a ratio of 2,000:1 for its Class A and Class B shares, aiming to optimize the number of shares and support sustainable growth. This move reflects the company’s strategic efforts to strengthen its financial position and is deemed cost-efficient, ensuring shareholders hold a whole number of new shares post-split.

Fingerprint Cards AB (FPC) is a leading biometrics company based in Sweden, specializing in secure identification and authentication solutions. Their technology is integrated into hundreds of millions of devices globally, providing safe and convenient user experiences. FPC is publicly traded on Nasdaq Stockholm.

YTD Price Performance: -12.50%
Average Trading Volume: 218,090,486
Current Market Cap: SEK213.7M
See more data about FING.B stock on TipRanks’ Stock Analysis page.

Fingerprint Cards Proposes Reverse Share Split to Enhance Growth

Fingerprint Cards AB announced a reverse share split at a 2,000:1 ratio for its Class A and Class B shares to optimize the number of shares and support sustainable growth. The company, a leading biometrics firm based in Sweden, is publicly traded on Nasdaq Stockholm and specializes in secure identification solutions.