{"id":48763,"date":"2024-01-16T23:02:05","date_gmt":"2024-01-16T23:02:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/authid-announces-adoption-of-inducement-grant-plan-under-nasdaq-listing-rule-5635c4\/"},"modified":"2024-01-16T23:02:05","modified_gmt":"2024-01-16T23:02:05","slug":"authid-announces-adoption-of-inducement-grant-plan-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/authid-announces-adoption-of-inducement-grant-plan-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"authID Announces Adoption of Inducement Grant Plan Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

Denver, Jan. 16, 2024 (GLOBE NEWSWIRE) — <\/strong>\u00a0authID Inc.<\/u><\/b><\/a>\u00a0(Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced that on December 21, 2023 the Compensation Committee of the Company adopted an Inducement Grant Plan (the \u201cInducement Plan\u201d), and allocated up to 185,000 shares of common stock of the Company (\u201cShares\u201d) to be subject to option awards under the Inducement Plan (\u201cOptions\u201d). The Inducement Plan is intended for the grant of Options as an inducement to new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n

During the period from January 2, 2024 through this date, the Company has granted Options to purchase 25,000, 20,000 and 20,000 Shares respectively to three new employees. The Exercise Prices range from $9.31 to $9.61. The Company has also agreed to further grants of Options to purchase 20,000 and 15,000 Shares to new employees who are expected to commence employment in the next three weeks.\u00a0 The exercise price for the future Options shall be the closing price of the AUID shares on the Nasdaq stock market on the date of grant.\u00a0 \u00a0All Options will vest in 36 equal amounts, on a monthly basis, over a period of three years, subject to continued employment.\u00a0\u00a0<\/p>\n

About authID<\/strong><\/p>\n

authID\u00a0(Nasdaq: AUID) ensures cyber-savvy enterprises\u00a0\u201cKnow Who\u2019s Behind the Device\u201d\u2122 for every\u00a0customer or employee login and\u00a0transaction. Through its easy-to-integrate, patented, biometric identity platform, authID\u00a0quickly and accurately verifies a user\u2019s identity, eliminating any assumption of \u2018who\u2019 is behind a device and preventing cybercriminals from taking over accounts.\u00a0authID combines digital onboarding, FIDO2 login, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience \u2013 delivering identity verification in 700ms.\u00a0Establishing a biometric root of trust for each user that is bound to their accounts and provisioned devices,\u00a0authID stops fraud at onboarding, eliminates password risks and costs, and provides\u00a0the faster, frictionless, and more accurate user identity\u00a0experience\u00a0demanded by operators of today\u2019s digital ecosystems. For more information, go to www.authID.ai<\/u><\/a>. <\/p>\n

authID Media Contact<\/strong><\/p>\n

Graham Arad
General Counsel
investor-relations@authid.ai<\/u><\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Denver, Jan. 16, 2024 (GLOBE NEWSWIRE) — \u00a0authID Inc.\u00a0(Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced that on December 21, 2023 the Compensation Committee of the Company adopted an Inducement Grant Plan (the \u201cInducement Plan\u201d), and allocated up to 185,000 shares of common stock of the Company (\u201cShares\u201d) to […]<\/p>\n","protected":false},"author":2,"featured_media":48764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/a2de26ac-c3de-4098-ae1b-7e8efeaee3d8","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-48763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t