authID announces inducement grant under Nasdaq listing rule

authID (AUID) announced that the Company granted options as an inducement to new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Company granted Options to purchase 20,000 Shares at an Exercise Price of $5.99 and 30,000 Shares at an Exercise Price of $5.89 per share to two newly hired employees respectively. The Options will vest in 36 equal amounts, on a monthly basis, over a period of three years, subject to continued employment, with a term of 10 years.