authID prices $2.1M registered direct offering at $5.60 per share

authID (AUID) announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock, pursuant to a registered direct offering. The purchase price for one share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2.1M before deducting placement agent fees and other offering expenses. Dominari Securities and Madison Global Partners acted as co-placement agents for the offering. authID intends to use the net proceeds for working capital and general corporate purposes.