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”).
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.
A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering was filed with the SEC and, may be obtained for free on the SEC’s website located at 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.
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