other material
confidence high
sentiment neutral
materiality 0.65
authID raises ~$11M in registered direct offering, reduces authorized shares to 150M
authID Inc.
- Sold 1,464,965 shares at $7.50 ($8.16 for insiders) for gross proceeds of approximately $11.0M.
- Placement agent Madison Global gets 7% cash fee ($770K) and warrants for 102,547 shares.
- Stockholders approved decrease in authorized common shares from 250M to 150M.
- Directors elected: Daguro, Jisser, Koehneman, Mehta, Szoke, Thompson, White (7).
- 2024 Equity Incentive Plan approved (395,000 shares); advisory say-on-pay and three-year frequency adopted.