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Sichenzia Ross Ference Carmel LLP Represents Madison Global Partners, LLC, in a $11 Million Registered Direct Offering of authID, Inc.

Press Release – New York, NY – June 27, 2024 – 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 1,464,965 million shares of its common stock at a purchase price of $7.50 per share (however, the purchase price for one share if the investor was a director of the Company was $8.16). The aggregate gross proceeds from the Offering were $11,000,000 Million before deducting placement agent fees and other estimated offering expenses.

authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, FIDO2 passwordless login, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the most accurate user identity experience demanded by today’s digital ecosystem. Discover more at www.authID.ai.

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

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