“Over the last six months, we have re-written the authID story in every facet of the business,” said
“I want to thank our new and existing investors for this vote of confidence in our future. This financing helps advance authID’s mission to protect the digital ecosystem against fraud and account takeover with market-leading speed, precision, and accuracy in biometric identity solutions,” concluded Daguro.
authID intends to use the net proceeds of the Registered Direct Offering for working capital and general corporate purposes.
The Shares sold in the Registered Direct Offering were sold by the Company pursuant to a shelf registration statement (Registration No. 333-260641) filed with the
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 cyber-savvy 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 quickly and accurately verifies a user’s identity, eliminating any assumption of ‘who’ is behind a device and preventing cybercriminals from taking over accounts. authID combines digital onboarding, FIDO2 login, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience – delivering identity verification in 700ms. Establishing a biometric root of trust for each user that is bound to their accounts and provisioned devices, authID stops fraud at onboarding, eliminates password risks and costs, and provides the faster, frictionless, and more accurate user identity experience demanded by operators of today’s digital ecosystems. For more information, please visit https://www.authid.ai/.
Media Contacts
authID Media Contact
Rhoniel A. Daguro, CEO
Investor-relations@authid.ai
Cautionary Statement Regarding Forward-Looking Statements:
This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein, including booked Annual Recurring Revenue 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’s Annual Report on Form 10-K for the Fiscal Year ended
Source: authID Inc.
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