authID is traded on the Nasdaq Market under the symbol “AUID”. The Company was formerly known as Ipsidy Inc.
authID’s Common Stock CUSIP is 46264C305. Shares that you hold that were previously identified by CUSIP 46264C206 have been automatically converted to the new CUSIP in all electronic systems.
In June 2023 the Board resolved to effect the stock split in a ratio of 1-for-8. This means that every 8 shares you held prior to a reverse stock split were automatically converted into 1 new share of common stock. (Any fractions resulting were rounded up to the next whole share). For example, if you held 80,000 shares before the split, you now hold 10,000 shares. If you hold shares in a brokerage account, you should see that change automatically on your brokerage statement. If you hold shares in your own name, you have been sent information from Computershare regarding your holdings and for shares held in electronic book entry form you will see that change reflected automatically on your Computershare statement.
With the stock split, the price per share of each of your authID shares also increased in an approximately similar ratio. The price of stock can go up or down and the Company has no control over the price, so following the split you may see your shares priced at an amount, which is more or less than 8 times the previous per share price.
There have been no changes by the Company to the rights attaching to your shares, nor to the value of your shares. Any change in overall value results from market conditions beyond our control.
The total number of issued and outstanding shares of common stock held by all stockholders, has been reduced in the same ratio.
Warrants and Options for common stock and Notes convertible into Common Stock are impacted by the reverse stock split, in a similar manner to the Common Stock, which may be issued on exercise.
Therefore, the number of shares that you are entitled to receive on exercise of a warrant or option will be 1/8 of the amount stated on the warrant or option, and the Exercise Price will be 8 times the stated price*. Note however that your overall position has not changed. If for example, you have a warrant for 8,000 shares at a price of $4.50 per share for a total cost of $36,000. Following the reverse stock split, you have a warrant for 1,000 shares at a price of $36.00 per share = a total cost of $36,000.
* If you have a warrant or option granted prior to June 2021, the number of shares and exercise price stated in your warrant or option were previously adjusted pursuant to the 1-for-30 stock split undertaken in June 2021 and will be further adjusted now.
Similarly, the conversion price under Convertible Notes will be adjusted and multiplied by 8.
If you have any questions about your Warrants, Options or Convertible Notes please contact us at email@example.com
You may purchase authID stock under the ticker symbol “AUID” in accordance with the rules and regulations of the Nasdaq Market. You should consult a professional broker if you are interested in purchasing stock.
Our transfer agent, is Computershare, who will help you with lost or stolen certificates, address changes, taxpayer ID certification, shareholder account information and various other stock-related matters.
P.O. Box 43006
Providence, RI 02940-3006
All stockholders with paper stock certificates have been sent a letter describing how they can return and deposit their certificates in order to hold them in electronic form. If you have not received your letter, please contact our transfer agent, Computershare.
Our transfer agent, Computershare, will help you with lost or stolen certificates, address changes, taxpayer ID certification, shareholder account information and various other stock-related matters.
You may have received a letter on this question, with specific instructions. If you did not receive such a letter, or have lost it please contact our transfer agent, Computershare.
If you have converted your paper certificate into electronic book entry form, then the statement that you received from Computershare includes instructions for how to move your shares. You should send the entire statement to your broker who will be able to help you move your shares into your account. If you still have a paper certificate, then you must first convert your stock into electronic or “book entry” form.
If you have a broker, please consult your broker. If you do not have a broker, or your broker is unable to help you, please contact Computershare, which offers a share sale execution service.
authID’s fiscal year is based on the calendar year. The last day of the fiscal year is Dec 31.
The members and bios of authID’s Board of Directors can be found here.
authID’s independent auditing firm is Cherry Bekaert, LLP.
authID’s Securities Counsel is Fleming PLLC