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authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
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authID Inc. (Nasdaq: AUID) grants 10,000 non-qualified options to a new employee at an exercise price of $9.85 per share, vesting annually over three years.
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Denver, Dec. 01, 2023 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced the grant of non-qualified options to purchase 10,000 shares of common stock to one new employee (the “Option”). The Option grant date is December 1, 2023, the exercise price is $9.85 per share and the Option vests in equal thirds, annually over a period of three years, subject to continued employment. The Option was granted as an inducement to this employee entering into employment in accordance with Nasdaq Listing Rule 5635(c)(4).
About authID 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.
ipsidy, inc. ____________________________________ ipsidy, inc. is a public company trading under the symbol ("idty"). the company was founded in 2009 to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions. ipisdy is headquartered in long beach, new york, usa. the company’s footprint includes offices and public and private sector customers in north america, emea, south america, and africa. ipsidy’s security solutions is comprised of identity verification solutions for financial services organizations (idcomplete) and governments (idsolutions). idcomplete provides a secure method enabling the ability to approve or decline transactions in real-time. idcomplete can be deployed on open payment networks, closed payment networks, and in for applications to out of band transaction security. the company’s idsolutions portfolio provides civilian centric software and hardware products for national id, voter registration, e
