secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001213900-24-056729
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID raises ~$11M in registered direct offering, reduces authorized shares to 150M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024056729/0001213900-24-056729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024056729/ea0208660-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-056729

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer