authID.ai (AUID) Closes $2.1M Share Offering

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Go back to authID.ai (AUID) Closes $2.1M Share Offering

authID Announces Closing of $2,100,000 Registered Direct Offering

May 7, 2025 2:18 PM EDT

DENVER, May 07, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (authID or the Company), a leading provider of biometric identity verification and authentication solutions, announced on May 6, 2025, it entered into a definitive agreement, for a follow on transaction with investors led by Kyle Wool, to sell 373,060 shares of its common stock (the Shares), pursuant to a registered direct offering (the Registered Direct Offering). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering were approximately $2,100,000 before deducting placement agent fees and other offering expenses.

The closing of the Registered Direct... More