authID raises ~$9.45M in registered direct offering at $6.00/share

authID Inc.

Issues 1,574,990 shares at $6.00 each for aggregate gross proceeds of approximately $9.45 million.
Purchasers include CEO/Chairman and three directors, plus Stephen J. Garchik.
Madison Global Partners served as placement agent; receives 7% cash fee and warrants for 110,249 shares.
Shares sold under existing shelf registration statement; lock-up agreements from directors and officers.
Offering closed on November 22, 2023.

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 Securities Purchase Agreement with Accredited Investors (Purchasers) valued at Sale of shares of Common Stock (effective 2023-11-20).

Action: entry
Agreement: equity purchase
Counterparty: Accredited Investors (Purchasers)
Value: Sale of shares of Common Stock
Effective: 2023-11-20

Exact text from the filing

EX-10.1 3 ea189066ex10-1_authidinc.htm FORM OF SECURITIES PURCHASE AGREEMENT, DATED AS OF NOVEMBER 20, 2023, BETWEEN THE COMPANY AND ACCREDITED INVESTORS Exhibit 10.1 SECURITIES PURCHASE AGREEMENT This Securities Purchase Agreement (this “ Agreement ”) is dated as of November 20, 2023, between authID Inc., a Delaware corporation (the “ Company ”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “ Purchaser ” and collectively the “ Purchasers ”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

authID Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-090267

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