secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2026-09-15T21:12:05+00:00
Accession:  0001213900-26-100201
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID draws $300K backstop, resets debenture conversion to $0.38, warrants to $0.57
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- Backstop Commitment Agreement for up to $300K (or $500K if strategic-partner deal closes); $300K funded Sept 11, 2026.
- Senior Secured Debenture conversion price fixed at $0.38/share for all holders as of Sept 9; director-held debentures excluded without stockholder approval.
- Existing Warrants exercise price cut from $1.50 to $0.57/share; 750,000 five-year Commitment Fee Warrants issued at $0.57.
- If funded, Backstop Debenture will be pari passu with SSBs, same collateral, exchangeable at $0.38; registration statement due within 30 days.
- Company pursuing interim finance agreement with strategic partner; subordination agreement and Nasdaq 19.99% share cap apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026100201/0001213900-26-100201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026100201/ea0305605-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-100201

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