Intellicheck Proposes Public Offering of Common Stock

6/18/20

MELVILLE, N.Y.--(BUSINESS WIRE)--Intellicheck, Inc. (NASDAQ: IDN), an industry leader in identification authentication solutions, today announced that it has commenced an underwritten registered public offering of its common stock. In addition, Intellicheck intends to grant the underwriter for the offering a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any. All shares of common stock to be sold in the proposed offering will be offered by Intellicheck. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Intellicheck intends to use the net proceeds from this proposed offering for general corporate purposes and working capital.

Northland Capital Markets is acting as the sole book-running manager for the proposed offering.

About Intellicheck

Intellicheck is a trusted industry leader in technology solutions that stop identity theft and fraud with real-time identification authentication and age verification. Intellicheck makes it possible for its clients to increase revenues, improve customer service, and increase operational efficiencies. Intellicheck is focused on partnering with banks, credit card issuers and retailers to prevent fraud. Intellicheck also serves law enforcement agencies, national defense clients and diverse state and federal government agencies.

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