Fingerprint Cards AB (FPC) has announced that the planned stock merger could not proceed due to unforeseen technical issues. The company withdrew the decision on the record date set for July 11, 2025. The problems were related to an incorrect estimate of the number of shares needed for rounding each shareholder’s holdings, resulting in higher costs for providing rounding shares. The board now proposes a revised method for the merger, using a “rounding down” approach. This will ensure no financial loss for shareholders. The merger will combine A and B shares at a ratio of 1:2,000, reducing the total shares and votes in the company. The board aims to complete the merger in the third quarter of 2025. Contact CEO Adam Philpott for more information.

Read more at GlobeNewswire: Fingerprint Cards AB (publ) uppdaterar om kommande