authID Announces Adoption of Inducement Grant Plan Under Nasdaq Listing Rule 5635(c)(4)

Core Points - authID Inc. announced the adoption of an Inducement Grant Plan on December 21, 2023, allocating up to 185,000 shares for option awards to attract new employees [1] - The company has granted options to purchase a total of 65,000 shares to three new employees between January 2, 2024, and the present, with exercise prices ranging from $9.31 to $9.61 [2] - Further grants of options are planned for new employees expected to start in the next three weeks, with exercise prices based on the closing price of AUID shares on the grant date [2] Company Overview - authID provides secure identity verification and authentication solutions, ensuring enterprises can accurately verify user identities during logins and transactions [3] - The company's biometric identity platform integrates digital onboarding, FIDO2 login, and biometric authentication, delivering identity verification in 700 milliseconds [3] - authID aims to eliminate fraud at onboarding, reduce password-related risks, and enhance user experience in digital ecosystems [3]