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Sichenzia Ross Ference Carmel LLP Represents Madison Global Partners LLC in a Registered Direct Offering of the securities of authID Inc.

Press Release – New York, NY – November 28, 2023 – Sichenzia Ross Ference Carmel LLP announced today that it represented Madison Global Partners, LLC, in a registered direct offering of the securities of authID, Inc. (NASDAQ: AUID) (“The Company”), a leading provider of innovative biometric identity verification and authentication solutions.

The company sold 1,574,990 million shares of its common stock at a purchase price of $6.00 per share. The aggregate gross proceeds from the Offering were approximately $9.4 million before deducting placement agent fees and other estimated offering expenses.

authID, Inc. is a rapidly emerging industry leader in biometric identification. Their main product line, known as “Verified Workforce”, is a solution to rapid human factor authentication and delivering unphishable MFA. Their services aim to improve cybersecurity within our daily lives and make the workplace, as well as the consumer experience, more secure than ever before.

The Sichenzia Ross Ference Carmel LLP team was led by partners Darrin Ocasio and Jeff Cahlon, and associate, Jesse Blue.

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Sichenzia Ross Ference Carmel LLP