authID Inc. backstop deal cuts debenture conversion and warrant prices to $0.38 and $0.57
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2026.
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.