20 august authID.ai, which offers a platform for biometric identity verification, announced a decrease in the size of the upcoming IPO.
Now a company headquartered in Long Beach, New York State, plans to attract 10 million dollars, releasing 1,5 mln shares at close value on OTCQB (AUID) on 19 august, equal 6,81 Dollars. Prior to this, the company applied for the issue of 2,1 million shares in 9,63 Dollars. Given the revised IPO size, authID.ai will raise fifty percent less funds, what was planned.
authID.ai gives non-dangerous, mobile software products for biometric identity verification, which are supplied as an identification platform, which can be easily integrated as a service platform. The company has developed software solutions, Enabling?? biometric face capture and comparison, voices and fingerprints, remote document collection and authentication, multi-factor authentication and password-free login, also in-depth verification of electronic transactions.
authID.ai was founded in 2011 year, and for 12 Months, ended 30 June 2021 of the year, her earnings were 2 million dollars. The company plans to list on the stock exchange Nasdaq under the ticker AUID. The only organizer of the issue of shares was ThinkEquity.
