authID closes $3.7M equity fundraise to lay runway for transition

authID has raised close to $3.675 million through a registered direct offering. The company plans to use as working capital as it waits for the revenue from several biometrics deals inked during a challenging transition.

Investors are buying 2,688,747 shares of authID’s common stock, at a price per share or pre-funded warrant of $1.35, or $1.71 for insiders.

authID raised $8.15 million earlier this year, when its stock price was significantly higher, in another equity round.

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authID  |  biometrics  |  digital identity  |  financial results  |  stocks