authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
authID (Nasdaq: AUID) announced the granting of stock options as an inducement to new Chief Product Officer Erick Soto. The grant, made on November 12, 2024, consists of options to purchase 100,000 shares at an exercise price of $6.94 per share. The options will vest monthly in equal installments over three years, contingent on continued employment, and have a 10-year term. The grant was made in accordance with Nasdaq Listing Rule 5635(c)(4).
Positive
- Strengthened executive team with new Chief Product Officer appointment
Negative
- Potential shareholder dilution from 100,000 share options grant
News Market Reaction – AUID
In the trading session that priced this news, AUID gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Denver, Nov. 15, 2024 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of secure biometric identity verification and authentication solutions, today announced that the Company granted an option as an inducement to a new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
On November 12, 2024 the Company granted an Option to purchase 100,000 Shares to Mr. Erick Soto, the Company’s new Chief Product Officer, at an Exercise Price of
About authID
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 and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem. Discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover at www.authID.ai.
Investor Relations Contacts
Gateway Group, Inc.
Cody Slach and Alex Thompson
1-949-574-3860
AUID@gateway-grp.com
Media Contact
Walter Fowler
NextTech Communications
1-631-334-3864
wfowler@nexttechcomms.com
