24/7 Market News Snapshot 02 April, 2025 – authID Inc. Common Stock (NASDAQ:AUID)

April 2, 2025

DENVER, Colo., 02 April, 2025 (247marketnews.com) – (NASDAQ:AUID) are discussed in this article.
AuthID Inc. (NASDAQ:AUID) has demonstrated significant momentum in the market, currently trading at $5.335 after opening at $4.75, reflecting an increase of 11.38%. This surge follows a prior close of $4.79, highlighting strong investor interest with a current trading volume of 749.81K shares. Technical indicators suggest potential support around the $4.75 level and resistance near $5.50, setting the stage for future trading dynamics as stakeholders assess burgeoning confidence in the company’s market position.

In a significant recent development, AuthID has completed a registered direct offering, successfully raising $8.15 million through the sale of 1,811,120 shares of common stock and Pre-Funded Warrants. Priced at $4.50 per share, the proceeds are designated for working capital and general corporate purposes. This financing initiative marks a strategic advancement in AuthID’s efforts within the biometric identity verification sector, bolstered by the expertise of Co-Placement Agents Dominari Securities LLC and Madison Global Partners, LLC.

Rhon Daguro, CEO of AuthID, expressed enthusiasm about the evolving market landscape for biometric solutions, noting a critical shift in customer perceptions about biometric authentication. “In the last eighteen months, AuthID has educated the market to the point where customers no longer ask what biometric authentication is, but rather how it can transform their business,” Daguro stated. This highlights the growing demand for advanced identity verification technologies that address vital concerns of privacy and security.

Additionally, to support its growth, AuthID has fortified its strategic capabilities by establishing an Advisory Board comprising notable industry professionals. With this infusion of capital and advisory guidance, AuthID is poised to enhance its innovative biometric solutions, targeting the reduction of fraud, combating deepfakes, and improving user experience across various sectors.

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