Next Biometrics to file for bankruptcy, halts Oslo trading

Next Biometrics ran out of time to fund its pivot to Anywhere-in-Display fingerprint technology and will file for bankruptcy in Norway on October 12. Trading on the Oslo Bors was halted at NOK 0.232 per share, with annual costs cut from NOK 73 million to NOK 41 million.

• Bankruptcy petition to be filed in Norway on October 12
• Oslo Bors trading halted at NOK 0.232 per share
• Annual operating costs cut from NOK 73M to NOK 41M
• Anywhere-in-Display prototype still expected in December