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authID Inc. reports developments in biometric identity verification and authentication for enterprise logins, transactions, onboarding, account recovery, and passwordless access. Its platform includes PrivacyKey, Identity Verification, Biometric Authentication, IDX for distributed workforces, and authID Mandate for Agentic AI governance, with product updates tied to privacy-preserving biometrics, quantum-resistant authentication, digital identity credentials, and fraud prevention.
Company updates also cover financial results, corporate updates, strategic reseller and OEM partnerships, integrations with Microsoft-oriented identity environments, workforce and customer access use cases, and applications in financial crime intelligence. Recurring announcements connect authID's biometric root-of-trust approach with account-takeover prevention, deepfake detection, Zero Trust security architectures, and enterprise identity assurance.
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) has announced a registered direct offering of approximately 373,060 shares of common stock at $5.60 per share, aiming to raise gross proceeds of approximately $2.1 million. The offering, co-placed by Dominari Securities LLC and Madison Global Partners, LLC, is expected to close around May 7, 2025. The company plans to use the net proceeds for working capital and general corporate purposes. The shares are being offered through a shelf registration statement (Registration No. 333-283580) that was declared effective by the SEC on December 13, 2024.
authID, a leader in biometric identity verification solutions, has scheduled its Q1 2025 earnings release for May 13, 2025, after market close. The company will discuss its financial performance for the quarter ending March 31, 2025.
CEO Rhon Daguro and CFO Ed Sellitto will host a webcast at 5:00 p.m. ET to present the results and provide updates. Participants can join through a registration link and are advised to connect 15 minutes before the start time to avoid delays.
The presentation will be accessible through a live webcast on the company's investor relations website at investors.authid.ai. Only conference call participants will have the opportunity to ask questions. A replay and presentation materials will remain available for 90 days on authID's Investor Relations Events page.
authID and TechDemocracy have formed a strategic partnership to advance passwordless identity solutions in cybersecurity. TechDemocracy will certify 25 professionals on authID's platform, which includes Proof, Verified, and PrivacyKey™ solutions featuring one-in-one-billion false-match accuracy.
Key initiatives include:
- Development of QuickStart accelerators for Ping Identity and Microsoft Entra integration
- Creation of white papers and webinars on passwordless authentication
- Complimentary workshops led by Field CISO team
The partnership aims to expand adoption of biometric authentication while ensuring privacy through PrivacyKey technology, which stores zero biometric data. This collaboration combines authID's biometric solutions with TechDemocracy's 25 years of Identity and Access Management expertise.
authID (Nasdaq: AUID), a biometric identity verification provider, has joined the Secure Technology Alliance (STA), an industry association focused on promoting secure solutions including smart cards and embedded chip technology. The membership aims to advance the development of global identity standards across authentication technologies.
Through its platform featuring Proof, Verified, and PrivacyKey™, authID offers solutions that verify user identity and prevent cybercrime during account operations. The company's technology boasts one-in-one-billion false-match accuracy and implements PrivacyKey's protocol that eliminates biometric data storage.
CEO Rhon Daguro emphasized the alignment with authID's mission to deliver secure biometric authentication solutions, while STA Executive Director Christina Hulka welcomed the company's unique perspectives on biometric authentication and compliance-focused identity verification.
authID Inc. (NASDAQ: AUID) has successfully closed its registered direct offering, raising $8.15 million in gross proceeds through the sale of 1,811,120 shares of common stock and/or Pre-Funded Warrants at $4.50 per share.
The offering was co-placed by Dominari Securities and Madison Global Partners, In conjunction with the closing, authID established an Advisory Board featuring Eric Swider and Donald Nitti, who bring extensive experience in industry and government sectors relevant to authID's biometric solutions.
CEO Rhon Daguro highlighted the company's progress in market education regarding biometric authentication, noting increased client adoption and expanding applications. The net proceeds will be utilized for working capital and general corporate purposes.
authID (NASDAQ: AUID) has announced a registered direct offering of approximately 1,811,111 shares of common stock and/or Pre-Funded Warrants at $4.50 per share, expecting to raise gross proceeds of approximately $8.15 million. The offering is scheduled to close around April 1, 2025.
The company will establish an Advisory Board featuring Eric Swider, former CEO of Digital World Acquisition Corp, and Donald Nitti, Founder and CIO of Chroma Ventures. Dominari Securities and Madison Global Partners, served as Co-Placement Agents for the offering.
The net proceeds will be used for working capital and general corporate purposes. The offering is made pursuant to a shelf registration statement (Registration No. 333-283580) declared effective by the SEC on December 13, 2024.