authID Announces Pricing of Up To $1,350,000 Private Placement Offering
Globe Newswire•05/10/2026•16:15 ET
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Key Highlights
- ➤Private placement targets approximately $1,350,000 gross proceeds before expenses
- ➤Debentures convert into common stock at $0.386 per share
- ➤Warrants carry a $0.50 exercise price, subject to stockholder approval
- ➤April 2026 debenture maturity extended to February 28, 2027
- ➤Net proceeds intended for working capital and general corporate purposes
Holders of Debentures Issued in April 2026 Agree to Extend Maturity through February 2027
DENVER, Oct. 05, 2026 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell Senior Secured Convertible Debentures (the “Debentures”) and Warrants to purchase shares of the Company’s common stock (the “Warrants”) pursuant to a private placement offering (the “Offering”).
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