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2021-08-24

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authID.ai Announces Pricing of Public Offering and Nasdaq Listing

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The offering is expected to close on August 26, 2021, subject to the satisfaction of customary closing conditions.</p>\n<p>The Company has received approval to list its common stock on the Nasdaq Capital Market under the symbol “AUID” and is expected to begin trading on Nasdaq on August 24, 2021.</p>\n<p>The Company intends to use the proceeds to invest in software product and platform development and artificial intelligence; to expand the Company’s business development and sales and marketing capabilities; and for working capital and general corporate purposes.</p>\n<p>ThinkEquity is acting as sole book-running manager for the offering.</p>\n<p>The Securities and Exchange Commission (\"SEC\") declared effective a registration statement on Form S-1 (File No. 333-257453) relating to these securities on August 23, 2021. A final prospectus relating to this offering will be filed with the Securities and Exchange Commission. The offering is being made only by means of a prospectus filed with the SEC. When available, copies of the prospectus relating to the offering may be obtained by contacting ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673 or by email at prospectus@think-equity.com. Investors may also obtain these documents at no cost by visiting the SEC's website at https://www.sec.gov.</p>\n<p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>\n<p><b>About authID.ai</b></p>\n<p>authID.ai (www.authid.ai) Recognise Your Customer™. Our mission is to eliminate all passwords, and to be the preferred global platform for biometric identity authentication. 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In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 214,285 shares of common stock to cover over-allotments at the public offering price, less the underwriting discount. All of the shares of common stock are being offered by the Company. The offering is expected to close on August 26, 2021, subject to the satisfaction of customary closing conditions.\nThe Company has received approval to list its common stock on the Nasdaq Capital Market under the symbol “AUID” and is expected to begin trading on Nasdaq on August 24, 2021.\nThe Company intends to use the proceeds to invest in software product and platform development and artificial intelligence; to expand the Company’s business development and sales and marketing capabilities; and for working capital and general corporate purposes.\nThinkEquity is acting as sole book-running manager for the offering.\nThe Securities and Exchange Commission (\"SEC\") declared effective a registration statement on Form S-1 (File No. 333-257453) relating to these securities on August 23, 2021. A final prospectus relating to this offering will be filed with the Securities and Exchange Commission. The offering is being made only by means of a prospectus filed with the SEC. When available, copies of the prospectus relating to the offering may be obtained by contacting ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673 or by email at prospectus@think-equity.com. Investors may also obtain these documents at no cost by visiting the SEC's website at https://www.sec.gov.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout authID.ai\nauthID.ai (www.authid.ai) Recognise Your Customer™. Our mission is to eliminate all passwords, and to be the preferred global platform for biometric identity authentication. 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