Intellicheck (IDN) Registration Filing summary

Company overview and business model

• Provides on-demand digital identity validation solutions for KYC, fraud, and age verification across financial, fintech, e-commerce, retail, law enforcement, and government sectors in North America.

• Software solutions are accessible via mobile, browser, or retail POS scanners, addressing commercial fraud, instant credit approval, age-restricted product access, unauthorized access, and fraudulent retail returns.

• Business strategy focuses on expanding market share in existing verticals and entering new markets benefiting from fraud prevention and identity validation, including online applications and biometric enhancements.

Use of proceeds and capital allocation

• Net proceeds from securities sales are intended for working capital and general corporate purposes, with management retaining significant discretion over allocation.

• Any changes in use of proceeds will be disclosed in future prospectus supplements.

Risk factors and disclosures

• Investment involves a high degree of risk, with detailed risk factors incorporated by reference from recent SEC filings and prospectus supplements.

• Risks include market acceptance, transition of pilot programs, SaaS adoption, demand fluctuations, expense management, expansion into new verticals, supply chain issues, IP enforcement, regulatory changes, and government business risks.