secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2026-10-09T12:00:19+00:00
Accession:  0001213900-26-108219
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

authID prices $1.35M convertible debentures at $0.386; EinStrong signs $2M licensing deal
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- Private placement: $1,350,000 senior secured convertible debentures convertible at $0.386 into 3,497,409 shares; warrants for 1,800,000 shares at $0.50.
- Gross proceeds $1.35M before fees; placement agent Madison Global Partners gets 7% cash fee and 244,819 warrants at $0.386 plus $25,000 legal reimbursement.
- April 2026 debentures' maturity extended from Oct 29, 2026 to Feb 28, 2027; related warrant exercise price cut from $0.57 to $0.50, director warrants need stockholder approval.
- EinStrong Charitable Foundation pays $1M for non-exclusive license of authID biometric ID tech, commits $1M more for de-duplication functionality and engineering support.
- CEO Thomas Szoke says monthly cash operating expenses cut roughly 40% vs Q1 2026; net proceeds for working capital, no debt repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026108219/0001213900-26-108219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390026108219/ea0308007-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-108219

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer