authID Announces Pricing of Approximately $8,150,000 Million Registered Direct Offering
Summary
DENVER, March 31, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (authID or the Company), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 1,811,111 shares of its common stock (the Shares) and/or Pre-Funded Warrants (the Pre-Funded Warrants), pursuant to a registered direct offering (the Registered Direct Offering). Upon closing of this Registered Direct Offering, an Advisory Board will be created, comprising of the following advisors, each having extensive experience in different industry and government sectors where authIDs biometric identity solutions can address critical needs. Beyond Chromas internal network, I believe many of our co-investment partners will recognize the value that authID brings and will seriously consider how to integrate their solutions across their portfolio companies as well, said Nitti. "The addition of our newly appointed prominent advisors Eric Swider and Donald Nitti is a pivotal moment for our company as it expands authIDs presence by bringing extensive experience and expertise in government and private sector markets opening new opportunities for our industry leading biometric authentication solutions," said Rhon Daguro, CEO of authID. authID (Nasdaq: AUID) ensures enterprises Know Whos Behind the Device for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform.
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