11:20 AM EDT, 03/31/2025 (MT Newswires) -- AuthID ( AUID ) shares fell 25% in recent Monday trading after the company announced a registered direct offering of 1.81 million common shares and prefunded warrants, priced at $4.50 apiece, to raise $8.15 million.

The proceeds will be for general corporate purposes and working capital, the company said Monday in a statement.

The offering is expected to close around Tuesday.

Price: 4.85, Change: -1.63, Percent Change: -25.12