authID completes $3.7 million registered direct offering

authID Inc. (NASDAQ: AUID) announced the completion of a registered direct offering that raised approximately $3.675 million in gross proceeds. The biometric identity verification company sold 2,688,747 shares of common stock and pre-funded warrants at $1.35 per share, with directors, officers and affiliates paying $1.71 per share.

The offering closed on November 24, 2025, and was led by investors Kyle Wool and Steve Garchik. Dominari Securities LLC and Madison Global Partners, LLC served as co-placement agents for the transaction.

The company plans to use the net proceeds for working capital and general corporate purposes, according to the announcement.

The securities were offered under a shelf registration statement filed with the Securities and Exchange Commission that became effective on December 13, 2024. The offering was conducted through a prospectus supplement and accompanying prospectus filed with the SEC.

authID provides biometric identity verification and authentication solutions for enterprises. The company's platform aims to verify user identity for customer and employee logins and transactions.

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