- Secure, mobile, biometric identity authentication solutions provider authID.ai (NASDAQ:AUID) priced 1.4 million shares at $7 per share to raise $10 million in an initial public offering.
- The company was formerly known as Ipsidy Inc (OTC: AUID).
- The underwriters have a 45-day option to purchase additional shares up to 0.2 million.
- authID.ai is likely to trade on the Nasdaq under the symbol "AUID" from today.
- authID.ai will utilize the offering proceeds to invest in the software product, platform development, and artificial intelligence, expand business development, sales and marketing capabilities, working capital, and general corporate purposes.
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