authID Inc. completes a direct offering, raising approximately $3.68 million through the sale of shares and warrants.
Quiver AI Summary
authID Inc. has completed a registered direct offering, selling 2,688,747 shares of common stock and Pre-Funded Warrants for approximately $3.675 million before fees. Shares were sold at $1.35 each, and $1.71 for directors and affiliates. The offering, which closed on November 24, 2025, was led by Kyle Wool and Steve Garchik, with Dominari Securities LLC and Madison Global Partners, LLC serving as co-placement agents. The company plans to use the net proceeds for working capital and general corporate purposes. The offering was made under a shelf registration statement effective as of December 13, 2024, and relevant documents can be accessed through the SEC’s website. authID specializes in biometric identity verification solutions, aiming to provide a secure digital identity experience.
Potential Positives
- authID Inc. successfully raised approximately $3,675,000 through a registered direct offering, which strengthens its financial position for working capital and general corporate purposes.
- The offering price indicates investor interest at $1.35 per share, showing confidence in the company's stock valuation.
- The transaction was facilitated by established Co-Placement Agents, which may enhance the credibility and market perception of the offering.
- authID's offerings are positioned within a growing market for biometric identity verification and authentication solutions, aligning with trends towards enhanced security measures.
Potential Negatives
- The share price for the registered direct offering was set at a discount ($1.35 per share) compared to typical market values, which could suggest a lack of confidence from investors and could dilute current shareholders' equity.
- The company intends to use the proceeds for working capital and general corporate purposes, which may indicate financial distress or insufficient funds for ongoing operations.
- The emphasis on forward-looking statements may imply uncertainty about future performance, raising concerns among investors about the company's ability to achieve its projected goals.
FAQ
What is authID's recent financial announcement?
authID announced a definitive agreement to sell 2,688,747 shares and Pre-Funded Warrants for approximately $3,675,000.
Who were the placement agents for authID's offering?
Dominari Securities LLC and Madison Global Partners, LLC acted as Co-Placement Agents for the offering.
What will authID do with the proceeds from the offering?
The net proceeds will be used for working capital and general corporate purposes.
Where can I find the prospectus for authID's offering?
The prospectus can be obtained for free on the SEC's website at http://www.sec.gov.
How does authID ensure secure identity verification?
authID leverages a patented biometric identity platform with a 1-in-1-billion false positive rate for secure verification.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AUID Insider Trading Activity
$AUID insiders have traded $AUID stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $AUID stock by insiders over the last 6 months:
- THOMAS ROBERT SZOKE (Chief Technology Officer) has made 0 purchases and 3 sales selling 10,249 shares for an estimated $30,797.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AUID Hedge Fund Activity
We have seen 6 institutional investors add shares of $AUID stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONNECTIVE CAPITAL MANAGEMENT, LLC added 44,922 shares (+59.1%) to their portfolio in Q3 2025, for an estimated $143,301
- VANGUARD GROUP INC added 25,822 shares (+6.1%) to their portfolio in Q3 2025, for an estimated $82,372
- STATE STREET CORP added 24,400 shares (+77.9%) to their portfolio in Q3 2025, for an estimated $77,836
- GEODE CAPITAL MANAGEMENT, LLC added 19,780 shares (+18.7%) to their portfolio in Q3 2025, for an estimated $63,098
- COMERICA BANK removed 19,127 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $61,015
- XTX TOPCO LTD removed 14,578 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $46,503
- TWO SIGMA INVESTMENTS, LP removed 12,926 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $41,233
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DENVER, Nov. 24, 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 the definitive agreement with investors to sell 2,688,747 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 and/or Pre-Funded Warrant was $1.35 ($1.71 if purchased by Directors, Officers and/or Affiliates). The aggregate gross proceeds from the Offering were approximately $3,675,000 before deducting placement agent fees and other offering expenses.
The Company’s Registered Direct Offering was led by Mr. Kyle Wool and Mr. Steve Garchik.
The closing of the Registered Direct Offering occurred on November 24, 2025.
Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.
authID intends to use the net proceeds for working capital and general corporate purposes.
The Shares and/or Pre-Funded Warrants offered in the Registered Direct Offering were 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. The offering was made only by means of a prospectus supplement and accompanying prospectus. 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 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 [email protected] , or by telephone at (646) 690-0330.
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 quickly and accurately verifies a user's identity, eliminating any assumption of 'who' is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Leveraging a 1-in-1-billion False Positive Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology, authID provides the most secure digital identity experience. Our IDX TM platform secures the distributed workforce of employees, contractors, and vendors, as well as bringing authorization and accountability for AI agents through our authID Mandate TM product line. By creating a biometric root of trust for each user, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry.
For more information, please visit authid.ai .
Media Contacts
NextTech Communications
Walter Fowler
1-631-334-3864
[email protected]
Investor Relations Contacts
[email protected]
Cautionary Statement Regarding Forward-Looking Statements:
This Press Release includes “forward-looking statements.” 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’s 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.
