authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
December 01 2023 - 5:00PM
authID Inc. (Nasdaq: AUID), a leading
provider of secure identity verification and authentication
solutions, today announced the grant of non-qualified options to
purchase 10,000 shares of common stock to one new employee (the
“Option”). The Option grant date is December 1, 2023, the exercise
price is $9.85 per share and the Option vests in equal thirds,
annually over a period of three years, subject to continued
employment. The Option was granted as an inducement to this
employee entering into employment in accordance with Nasdaq Listing
Rule 5635(c)(4).
About authID authID (Nasdaq: AUID) ensures
cyber-savvy enterprises “Know Who’s Behind the Device” for
every customer or employee login and transaction. Through
its easy-to-integrate, patented, biometric identity platform,
authID quickly and accurately verifies a user’s identity,
eliminating any assumption of ‘who’ is behind a device and
preventing cybercriminals from taking over accounts. authID
combines digital onboarding, FIDO2 login, and biometric
authentication and account recovery, with a fast, accurate,
user-friendly experience – delivering identity verification in
700ms. Establishing a biometric root of trust for each user
that is bound to their accounts and provisioned
devices, authID stops fraud at onboarding, eliminates password
risks and costs, and provides the faster, frictionless, and
more accurate user identity experience demanded by
operators of today’s digital ecosystems.
authID Media Contact
Graham AradGeneral Counselinvestor-relations@authid.ai
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