authID enters $47k/mo sales services agreement with director-owned Pipeline Group

authID Inc.

$47,000 per month for one year for outsourced sales and business development services.
Ken Jisser, authID director, is founder and CEO of The Pipeline Group (related party).
Agreement includes outbound calling, data classification, and automated dialing support.
Term from May 22, 2023 to June 18, 2024; annual price $564,000.
Confidential portions of the agreement redacted in the exhibit.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

authID Inc. entered into a equity purchase with The Pipeline Group, Inc. valued at $47,000 per month (effective 2023-06-06).

Action: entry
Agreement: equity purchase
Counterparty: The Pipeline Group, Inc.
Value: $47,000 per month
Effective: 2023-06-06

Exact text from the filing

On June 6, 2023, authID Inc. (the "Company") entered into a services agreement with The Pipeline Group, Inc. ("TPG"). Ken Jisser, a director of the Company, is the founder and CEO of TPG, a technology-enabled services company that aims to deliver business results for companies looking to build a predictable and profitable pipeline. The agreement provides that TPG will assist in providing outsourced sales including business development resources for outbound calling, provide support for automated dialing technology, classify customer data and other sales related services. In consideration of the services, the Company will pay TPG $47,000 per month during a one-year term.

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Source: SEC EDGAR

accession 0001213900-23-048246

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