{"id":847459,"date":"2025-05-06T15:46:52","date_gmt":"2025-05-06T19:46:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\/"},"modified":"2025-05-06T15:46:52","modified_gmt":"2025-05-06T19:46:52","slug":"authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\/","title":{"rendered":"authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering"},"content":{"rendered":"<div class=\"mw_release\">\n<p>DENVER, May  06, 2025  (GLOBE NEWSWIRE) &#8212; authID Inc. (NASDAQ: AUID) (\u201cauthID\u201d or the \u201cCompany\u201d), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the \u201cShares\u201d), pursuant to a registered direct offering (the \u201cRegistered Direct Offering\u201d). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses.<\/p>\n<p align=\"justify\">The closing of the Registered Direct Offering is expected to occur on or about May 7, 2025, subject to the satisfaction of customary closing conditions.<\/p>\n<p align=\"justify\">Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.<\/p>\n<p align=\"justify\">authID intends to use the net proceeds for working capital and general corporate purposes.<\/p>\n<p align=\"justify\">The Shares offered in the Registered Direct Offering are being offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the \u201cSEC\u201d) and declared effective by the SEC on December 13, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering will be filed with the SEC and, when available, may be obtained for free on the SEC\u2019s website located at http:\/\/www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WiFGDUqn9_7Fa7xWCXWSXZ8_idK3ecufrkuhim3mwuYp81qqOm1MfswnCySwVurPHz7Yi_yHFnjq7up--jwp5aSjwy9vKLRTGjMPx5lmLgVFZVtG4aCQzOYIYpFLG93U\" rel=\"nofollow\" target=\"_blank\">info@madisonglobalpartners.com<\/a>, or by telephone at (646) 690-0330.<\/p>\n<p align=\"justify\">This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p align=\"justify\">\n        <strong>About authID Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">authID (Nasdaq: AUID) ensures enterprises \u201cKnow Who\u2019s Behind the Device\u2122\u201d for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today\u2019s digital ecosystem.<\/p>\n<p align=\"justify\">For further information please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Io9-dDtzM4O5fYYeAe5eV3RFX866YNeFBHzUrkyDRJq1dGX0lzSrFZK9IGwMUsQ3G5Ko9nRYPDIPyNwFM7DQ-Q==\" rel=\"nofollow\" target=\"_blank\">authid.ai<\/a><\/p>\n<p align=\"justify\">\n        <strong>Media Contacts<\/strong>\n      <\/p>\n<p align=\"justify\">NextTech Communications<br \/>Walter Fowler<br \/>1-631-334-3864<br \/>wfowler@nexttechcomms.com<\/p>\n<p align=\"justify\">Investor Relations Contacts<br \/>Investor-Relations@authid.ai<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements:<\/strong>\n      <\/p>\n<p align=\"justify\">This Press Release includes \u201cforward-looking statements.\u201d All statements other than statements of historical facts included herein are forward-looking statements. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors. See the Company\u2019s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0NTc0MCM2OTI1MDAyIzIyMDkxOTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDI2YjgyOTMtMmZiMC00OTU3LWFlOGItNDIwZjg4OWM1MmE4LTEyMjA3NDgtMjAyNS0wNS0wNi1lbg==\/tiny\/authID-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DENVER, May 06, 2025 (GLOBE NEWSWIRE) &#8212; authID Inc. (NASDAQ: AUID) (\u201cauthID\u201d or the \u201cCompany\u201d), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the \u201cShares\u201d), pursuant to a registered direct offering (the \u201cRegistered Direct Offering\u201d). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about May 7, 2025, subject to the satisfaction of customary closing conditions. Dominari Securities LLC and Madison Global &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-847459","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DENVER, May 06, 2025 (GLOBE NEWSWIRE) &#8212; authID Inc. (NASDAQ: AUID) (\u201cauthID\u201d or the \u201cCompany\u201d), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the \u201cShares\u201d), pursuant to a registered direct offering (the \u201cRegistered Direct Offering\u201d). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about May 7, 2025, subject to the satisfaction of customary closing conditions. Dominari Securities LLC and Madison Global &hellip; Continue reading &quot;authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T19:46:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0NTc0MCM2OTI1MDAyIzIyMDkxOTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering\",\"datePublished\":\"2025-05-06T19:46:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/\"},\"wordCount\":610,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ0NTc0MCM2OTI1MDAyIzIyMDkxOTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/authid-announces-pricing-of-approximately-2100000-million-registered-direct-offering\\\/\",\"name\":\"authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering - 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(NASDAQ: AUID) (\u201cauthID\u201d or the \u201cCompany\u201d), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the \u201cShares\u201d), pursuant to a registered direct offering (the \u201cRegistered Direct Offering\u201d). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about May 7, 2025, subject to the satisfaction of customary closing conditions. 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