The Swiss fund requests the last conversion of Equity Warrants, which concludes the investment operation with the Spanish technology company
Nice & Green has requested the last conversion of Equity Warrants into Facephi shares corresponding to the fourth tranche of the operation. Therefore, the Investment Agreement that the Swiss investment fund and the Spanish technology company signed at the end of 2020 has finalised.
Following said conversion, the remaining Equity Warrants in this fourth and last agreed tranche are cancelled, at a time characterised by the upward trend of Facephi shares in the market in recent weeks.
The operation that is now ending has represented a significant injection of liquidity that Facephi has used in recent years to lay the structural foundations of the company and thus accelerate its level of growth.
During this time, the technology company has increased its capacity for innovation with the design of new products such as the innovative Facephi Identity Platform and its international commercialisation, a strategy reflected last year with the opening of two new subsidiary offices in LATAM and EMEA, which added to what the company already had in APAC. In this way, Facephi continues to consolidate itself as a benchmark in the digital identity verification industry, diversifying and adapting its products based on the needs of a constantly evolving market.