NEXT Biometrics Group - Decision to file for bankruptcy
2026-10-12 15:51:56
Oslo, 12 October 2026: Reference is made to the stock exchange announcement
published by NEXT Biometrics Group ASA (the "Company") on 8 October 2026, in
which the Company announced that its Board of Directors (the "Board") no longer
believed that there was a reasonable basis for assuming that the Company would
be able to continue its operations as a going concern absent new financing or a
transaction providing the Company with sufficient liquidity, and that the Board
had resolved to prepare a bankruptcy petition.
Since the announcement on 8 October 2026, no new financing or transaction that
would provide the Company with sufficient liquidity has become available.
Accordingly, the Board and the board of directors of the Company's wholly owned
subsidiary, NEXT Biometrics AS, have each unanimously concluded that there is no
longer a realistic prospect of the companies obtaining sufficient liquidity, and
have therefore resolved to file for bankruptcy. The bankruptcy petitions will be
filed with the Oslo District Court (Nw: Oslo tingrett) today.
A bankruptcy trustee will be appointed by the Oslo District Court and will be
responsible for managing the further process.
The Board would like to thank the employees, shareholders and business partners
of the Company and its subsidiaries for their efforts and support.
This information is considered to be inside information pursuant to Article 7 of
the EU Market Abuse Regulation and is subject to the disclosure requirements
pursuant to Article 17 of the EU Market Abuse Regulation and section 5-12 of the
Norwegian Securities Trading Act. This stock exchange announcement was published
by Lars Bakklund, Interim CFO, at the time and date stated herein.
\, at the time and date stated herein.\