Every material Form 8-K authID Inc. has filed with the SEC since September 02, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 5, 2026, authID entered into an agreement to sell $1,350,000 of senior secured convertible debentures and warrants to four accredited investors, and the offering closed on October 6, 2026. The debentures carry no interest, mature on February 28, 2027 or earlier upon a change of control, and are secured by substantially all company assets, while the holders of the April 2026 debentures agreed to extend their own maturity to the same date. For shareholders, the conversion and warrant terms could add significant share dilution and the new secured debt ranks alongside the April 2026 debentures.
Gross proceeds of $1,350,000 from the offering, before placement agent fees and expenses, closed October 6, 2026.
Debentures convert at $0.386 per share into an aggregate of 3,497,409 shares and mature February 28, 2027.
Warrants cover 1,800,000 shares at $0.50 per share and cannot be exercised until stockholder approval is obtained.
April 2026 debenture maturity moved from October 29, 2026 to February 28, 2027, with the warrant exercise price cut from $0.57 to $0.50.
authID entered a Backstop Commitment Agreement on September 9, 2026 with holders of its senior secured debentures, and $300,000 was funded on September 11, 2026. The agreement also fixes the debenture conversion price at $0.38, reduces existing warrant exercise prices from $1.50 to $0.57, and issues 750,000 commitment fee warrants, which could dilute shareholders. Share issuance under these securities is capped at 19.99% of prior outstanding shares absent stockholder approval.
Backstop commitment of up to $300,000 or $500,000, depending on whether a strategic investor funding transaction occurs; $300,000 was funded on September 11, 2026.
Existing warrant exercise price reduced from $1.50 to $0.57 per share; debenture conversion price fixed at $0.38.
750,000 commitment fee warrants issued at a $0.57 exercise price with a five-year term.
Nasdaq rules cap share issuance at 19.99% of shares outstanding before the April 29, 2026 purchase agreement without stockholder approval.
authID Inc. said CEO Rhoniel A. Daguro will step down as chief executive effective September 4, 2026, and remain on the board. The board named him Chairman and appointed Chief Technology Officer Thomas R. Szoke as interim CEO, effective the same date, with new pay letters for both executives tied in part to a future Corporate Transaction and subordinate to senior secured debentures.
Daguro resigns as CEO effective September 4, 2026; board appointed him Chairman on August 28, 2026
Szoke, age 62, named Interim CEO effective September 4, 2026, while continuing as CTO; his base salary rises to $300,000 and he gets a $10,000 cash bonus plus a $210,000 bonus upon a Corporate Transaction closing
Daguro's letter includes a $400,000 bonus upon a Corporate Transaction closing, options for 80,000 shares, and a warrant for 20,000 shares at $2.00
The filing cites substantial doubt about the company's ability to continue as a going concern and the need to raise additional capital
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every authID Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →