secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001213900-26-051038
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID raises $3.765M via senior secured debentures and warrants
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- Issued $3.765M principal of 6-month senior secured debentures at 0% interest; secured by substantially all assets.
- Warrants to purchase shares at $1.50 per share, 100% coverage, 5-year term, exercisable after 6 months.
- Issued Fee Shares equal to 15% of principal divided by $1.00 per share as additional compensation.
- Registration rights granted for resale of warrant shares and fee shares; piggyback rights included.
- Debentures mature Oct 2026; contain MFN provision and automatic conversion into future financing securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026051038/0001213900-26-051038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026051038/ea0288780-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-051038

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