authID Announces Closing of $2,100,000 Registered Direct Offering
authID (NASDAQ: AUID) has successfully closed a registered direct offering of 373,060 shares of common stock at $5.60 per share, raising gross proceeds of approximately $2.1 million. The offering, which closed on May 7, 2025, was led by investor Kyle Wool, with Dominari Securities LLC and Madison Global Partners, LLC serving as Co-Placement Agents. The company, which specializes in biometric identity verification and authentication solutions, plans to use the net proceeds for working capital and general corporate purposes. The shares were offered under a shelf registration statement that became effective on December 13, 2024.
authID (NASDAQ: AUID) ha completato con successo un offerta diretta registrata di 373.060 azioni ordinarie a 5,60 dollari per azione, raccogliendo proventi lordi di circa 2,1 milioni di dollari. L'offerta, chiusa il 7 maggio 2025, è stata guidata dall'investitore Kyle Wool, con Dominari Securities LLC e Madison Global Partners, LLC come Co-Agenti di Collocamento. L'azienda, specializzata in soluzioni biometriche per la verifica e l'autenticazione dell'identità, prevede di utilizzare i proventi netti per il capitale circolante e scopi aziendali generali. Le azioni sono state offerte nell'ambito di una dichiarazione di registrazione a scaffale divenuta efficace il 13 dicembre 2024.
authID (NASDAQ: AUID) ha cerrado con éxito una oferta directa registrada de 373,060 acciones ordinarias a 5.60 dólares por acción, recaudando ingresos brutos de aproximadamente 2.1 millones de dólares. La oferta, que finalizó el 7 de mayo de 2025, fue liderada por el inversor Kyle Wool, con Dominari Securities LLC y Madison Global Partners, LLC como Co-Agentes de Colocación. La compañía, especializada en soluciones biométricas para la verificación y autenticación de identidad, planea usar los ingresos netos para capital de trabajo y fines corporativos generales. Las acciones se ofrecieron bajo una declaración de registro en estantería que entró en vigor el 13 de diciembre de 2024.
authID (NASDAQ: AUID)는 1주당 5.60달러에 보통주 373,060주를 등록 직접 공모로 성공적으로 마감하여 약 210만 달러의 총 수익을 올렸습니다. 이번 공모는 2025년 5월 7일에 종료되었으며, 투자자 카일 울(Kyle Wool)이 주도했고 Dominari Securities LLC와 Madison Global Partners, LLC가 공동 배치 대행사로 참여했습니다. 생체 인식 신원 확인 및 인증 솔루션을 전문으로 하는 이 회사는 순수익을 운전자본 및 일반 기업 목적에 사용할 계획입니다. 해당 주식은 2024년 12월 13일에 효력이 발생한 선반 등록 명세서에 따라 제공되었습니다.
authID (NASDAQ : AUID) a clôturé avec succès une offre directe enregistrée de 373 060 actions ordinaires au prix de 5,60 $ par action, levant ainsi environ 2,1 millions de dollars de produits bruts. L'offre, qui s'est terminée le 7 mai 2025, a été menée par l'investisseur Kyle Wool, avec Dominari Securities LLC et Madison Global Partners, LLC en tant que co-agents de placement. La société, spécialisée dans les solutions biométriques de vérification et d'authentification d'identité, prévoit d'utiliser les produits nets pour le fonds de roulement et des fins générales d'entreprise. Les actions ont été proposées dans le cadre d'une déclaration d'enregistrement sur étagère devenue effective le 13 décembre 2024.
authID (NASDAQ: AUID) hat erfolgreich ein registriertes Direktangebot von 373.060 Stammaktien zu je 5,60 USD abgeschlossen und dabei Bruttoerlöse von etwa 2,1 Millionen USD erzielt. Das Angebot, das am 7. Mai 2025 abgeschlossen wurde, wurde vom Investor Kyle Wool geleitet, mit Dominari Securities LLC und Madison Global Partners, LLC als Co-Platzierungsagenten. Das Unternehmen, spezialisiert auf biometrische Identitätsüberprüfung und Authentifizierungslösungen, plant, die Nettoerlöse für das Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Die Aktien wurden im Rahmen einer am 13. Dezember 2024 wirksam gewordenen Shelf-Registrierung angeboten.
- Raised $2.1 million in gross proceeds to strengthen working capital
- Successful completion of follow-on offering indicates investor confidence
- Share dilution for existing stockholders
- Small offering size may indicate limited investor interest
Insights
authID secured $2.1M through share offering, providing modest working capital boost with minimal dilution, though specific operational needs remain unclear.
authID has completed a $2.1 million registered direct offering by issuing 373,060 shares at $5.60 per share. This transaction represents a relatively small capital infusion for a NASDAQ-listed company, with net proceeds likely falling below $2 million after deducting placement agent fees and other expenses.
The offering's structure is noteworthy - characterized as a "follow-on transaction" with investors led by Kyle Wool, suggesting this extends a previous funding relationship rather than broadening the investor base. The use of co-placement agents (Dominari Securities and Madison Global Partners) for this modest sum indicates the company likely needed intermediaries to facilitate the transaction.
The stated purpose for these funds - "working capital and general corporate purposes" - provides minimal strategic insight. This generic designation typically indicates reinforcement of the company's operational runway rather than investment in specific growth initiatives. The rapid execution - announced and closed within a single day - suggests this was a pre-arranged transaction rather than a broadly marketed offering.
From a dilution perspective, the impact appears relatively contained given the modest share count, though without knowing authID's total outstanding shares, the precise percentage dilution cannot be calculated. The use of an effective shelf registration indicates the company had anticipated needing to raise capital and positioned itself accordingly.
While securing additional working capital is generally positive for operational continuity, the relatively small size and unspecified strategic purpose make this a primarily maintenance-focused transaction rather than a transformative development for authID's business prospects.
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”). The purchase price for one Share will be
The closing of the Registered Direct Offering occurred on May 7, 2025, as all closing conditions have been satisfied.
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 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 info@madisonglobalpartners.com, 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 powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.
For more information, please visit authid.ai.
Media Contacts
NextTech Communications
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com
Investor Relations Contacts
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 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.
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