Authid Inc is a technology company that specializes in providing advanced identity verification solutions using artificial intelligence and biometric recognition. The company focuses on enhancing security and user experiences across various digital platforms by offering services such as secure login, identity authentication, and fraud prevention. With its innovative technology, Authid aims to empower businesses and organizations to protect sensitive data and maintain the integrity of their systems, while ensuring seamless access for legitimate users. Through its commitment to cutting-edge solutions, the company plays a crucial role in addressing the growing challenges of identity theft and cyber threats in today's digital landscape. Read More
DENVER, April 02, 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 closed its previously announced transaction with investors to sell 1,811,120 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”). The purchase price for one Share or Pre-Funded Warrant was $4.50 (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering were $8,150,000 before deducting placement agent fees and other offering expenses.
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”). The purchase price for one Share or Pre-Funded Warrant will be $4.50, (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering are expected to be approximately $8,150,000 million before deducting placement agent fees and other offering expenses.
The biometric verification and authentication leader was honored for setting a new standard in identity management with its advanced biometric solutions
