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
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