authID prices 1.81M shares at $4.50 in registered direct offering

authID (AUID) Ientered into a definitive agreement with investors to sell approximately 1,811,111 shares of its common stock and/or Pre-Funded Warrants, pursuant to a registered direct offering. The purchase price for one Share or Pre-Funded Warrant will be $4.50. The aggregate gross proceeds from the Offering are expected to be approximately $8,150,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about April 1, 2025, subject to the satisfaction of customary closing conditions. Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering. Upon closing of this Registered Direct Offering, an Advisory Board will be created. authID intends to use the net proceeds for working capital and general corporate purposes.