authID Reveals Pricing Of $11M Direct Offering; To Sell 1.46M Shares At $7.50/Share
Portfolio Pulse from Benzinga Newsdesk
authID has announced an $11 million direct offering, selling 1.46 million shares at $7.50 per share, with a higher price of $8.16 per share for directors. The proceeds will be used to expand sales, operations, and customer support teams.
June 25, 2024 | 9:04 pm
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authID is conducting an $11 million direct offering, selling 1.46 million shares at $7.50 per share, with a higher price of $8.16 per share for directors. The funds will be used to expand sales, operations, and customer support teams.
The direct offering will provide authID with significant capital to expand its operations and support teams, which could lead to increased revenue and market presence. The higher price for directors indicates confidence in the company's future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100