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.About authID Inc.authID (Nasdaq: AUID) ensures enterprises "Know Who’s Behind the Device™” 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.
DENVER, May 06, 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 373,060 shares of its common stock (the "Shares”), pursuant to a registered direct offering (the "Registered Direct Offering”).
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 "SEC”) and declared effective by the SEC on December 13, 2024.
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