authID Inc. (NASDAQ: AUID) completed a registered direct offering that raised $3.68 million in gross proceeds by selling 2,688,747 shares of common stock and/or pre‑funded warrants at $1.35 per share, with a higher price of $1.71 for directors, officers and affiliates. The transaction was led by Dominari Securities LLC and Madison Global Partners, LLC and is expected to close on or about November 24, 2025 under a shelf registration statement (Registration No. 333‑283580) that became effective on December 13, 2024.
The company plans to use the net proceeds for working capital and general corporate purposes, a typical use for a small‑cap technology firm seeking to maintain liquidity while pursuing growth initiatives. The offering follows two prior registered direct offerings in 2025—$2.1 million in May and $8.15 million in April—underscoring authID’s ongoing need for capital to fund its expansion plans.
authID’s Q3 2025 financial results show the company remains unprofitable, reporting a net loss of $5.2 million versus a $3.4 million loss in Q3 2024. Gross revenue rose to $0.6 million from $0.2 million a year earlier, but net revenue was negative $0.1 million due to $0.7 million in concessions related to two customer contracts. Operating expenses increased, widening the net loss and reflecting the company’s heavy investment in sales, research and development, and channel partnerships.
The capital raise supports authID’s strategic focus on large enterprise accounts and its broader biometric identity platform. The company has recently joined the NVIDIA Connect Program to advance enterprise and AI agent security, and unveiled the authID Mandate™ Framework for agentic AI security, initiatives that require additional working capital to accelerate product development and market penetration.
CEO Rhon Daguro said the company is “deliberately focusing our pipeline on large enterprise accounts and navigating short‑term revenue impacts.” He added that the firm’s momentum with global leaders such as NESIC, Prove and a top‑tier global retailer validates the platform’s value proposition and underpins the company’s growth strategy.
The offering is conducted under a shelf registration that allows authID to raise capital quickly as market conditions evolve. The placement agents and offering leaders—Kyle Wool and Steve Garchik—have experience managing similar transactions for technology companies, ensuring a smooth execution of the deal.
The $3.68 million raise, while modest in scale, provides authID with the liquidity needed to sustain its current operating cycle and pursue strategic opportunities in the biometric identity and AI security markets, where the company is positioning itself as a trusted partner for enterprise customers.
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