authID.ai Raises $10M Via IPO, Starts Trading From Today

Secure, mobile, biometric identity authentication solutions provider authID.ai AUID priced 1.4 million shares at $7 per share to raise $10 million in an initial public offering.
The company was formerly known as Ipsidy Inc AUID.
The underwriters have a 45-day option to purchase additional shares up to 0.2 million.
authID.ai is likely to trade on the Nasdaq under the symbol "AUID" from today.
authID.ai will utilize the offering proceeds to invest in the software product, platform development, and artificial intelligence, expand business development, sales and marketing capabilities, working capital, and general corporate purposes.