authID prices up to $1.35 million senior secured convertible debenture private placement
AUID•authID priced a private placement of up to $1.35 million in senior secured convertible debentures, convertible at $0.386 per share, with warrants exercisable at $0.50 subject to stockholder approval. Holders of April 2026 debentures agreed to extend maturity to Feb. 28, 2027.
1. Offering terms
authID priced a private placement offering of up to $1.35 million in senior secured convertible debentures. The debentures are convertible at $0.386 per share, and warrants with a $0.50 exercise price are subject to stockholder approval. Holders of April 2026 senior secured debentures agreed to extend their maturity to Feb. 28, 2027. Closing was expected to begin on or about Oct. 6, 2026, with proceeds earmarked for working capital and general corporate purposes.
