Why AuthID Shares Are Down More Than 25%

AuthID Inc AUID shares are trading lower by 26.6% to $4.75 during Monday’s session after the company announced an $8.15 million offering.

What To Know: Denver-based biometric authentication firm AuthID has announced a registered direct offering, raising approximately $8.15 million through the sale of 1.81 million shares and pre-funded warrants at $4.50 each. The offering is expected to close by April 1.

AuthID is also forming an Advisory Board, featuring Eric Swider, CEO of Rubidex, and Donald Nitti, Founder of Chroma Ventures. Swider, a former DWAC CEO, praised authID's biometric authentication technology, while Nitti highlighted its potential across various industries.

CEO Rhon Daguro emphasized authID's commitment to combating fraud and deepfake threats. The proceeds from the offering will support working capital and corporate expansion.

Read Also: Goldman Sachs Slashes S&P 500 Price Outlook As Tariffs, Weaker Growth Hit Earnings

How To Buy AUID Stock

By now you're likely curious about how to participate in the market for AuthID – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, AUID has a 52-week high of $12.31 and a 52-week low of $4.01.