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News  ›  GlobeNewswire Inc.

authID Announces Closing of Approximately $3,675,000 Registered Direct Offering

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Authid Inc.
authID Announces Closing of Approximately $3,675,000 Registered Direct Offering

authID Inc. closed a registered direct offering of 2,688,747 shares and/or Pre-Funded Warrants, raising approximately $3,675,000 to be used for working capital and general corporate purposes.

Insights
JPMpL   positive

Mentioned as one of top 5 accounts increasing advertising spend with Lamar Advertising


AUID   neutral

The company is raising capital through a standard registered direct offering, which indicates a routine financial strategy to support ongoing operations without significant positive or negative implications