authID Inc. filings document the formal disclosures of an operating company focused on biometric identity verification and authentication. Recent Form 8-K reports cover financial results, furnished earnings releases and investor presentations, material definitive agreements, and capital-structure actions involving common stock, pre-funded warrants, senior secured debentures, and stock purchase warrants.
The filing record also includes governance and shareholder matters such as annual meeting voting results, director elections, board and committee changes, and related Item 5.02 disclosures. Registration and offering-related disclosures describe shelf takedowns, prospectus supplements, security terms, placement-agent arrangements, security interests, default provisions, and contractual obligations associated with authID's financing activities.
authID Inc. reported the sale of $1,350,000 in Senior Secured Convertible Debentures at par, together with warrants to purchase 1,800,000 shares of common stock. The reported amount remaining to be sold is $0; the first sale occurred October 6, 2026. Proceeds are designated for working capital and general corporate purposes, including executive officer salaries.
The sales-compensation clarification describes a 7% cash fee on $1,350,000 gross proceeds payable to Madison Global Partners, LLC, Placement Agent Warrants equal to 7% of gross proceeds, and $25,000 of legal expense reimbursement.
Stephen J. Garchik, authID Inc. (AUID)’s ten-percent owner, reported transactions through trusts and a partnership. On July 7, 2026, after retiring as a director, he forfeited 8,333 unvested options to authID. The Garchik Irrevocable 2019 Trust sold 9,920 shares on July 15, 2026, at $1.1240 per share; no Rule 10b5-1 plan is reported.
On September 4, 2026, Garchik Universal Limited Partnership distributed 130,975 shares on dissolution, including 8,844 to Garchik directly and 122,131 to other partners. His reported direct holdings after the distribution were 1,082,407 shares. On September 15, the Marla Garchik Irrevocable 2020 Trust funded $150,000 for an additional debenture, and its $1,000,000 April debenture became convertible at $0.38 per share. The Trust’s 1,000,000-share April warrant was repriced from $1.50 to $0.57, then to $0.50 on October 5; its 375,000-share commitment-fee warrant was also repriced to $0.50. The filing lists 38,024 remaining direct options at $3.90.
authID Inc. closed a private placement on October 6, 2026, issuing $1,350,000 in senior secured convertible debentures and warrants for up to 1,800,000 common shares; gross proceeds were $1,350,000 before placement agent fees and other offering expenses. The debentures bear no interest, convert at $0.386 per share into 3,497,409 shares, and mature on the earlier of February 28, 2027 and a Change of Control Transaction. Warrants are exercisable at $0.50 only after stockholder approval. Madison Global Partners, the non-exclusive placement agent, is due a 7% cash fee, warrants to purchase shares valued at 7% of gross proceeds, and $25,000 in legal-fee reimbursement.
Holders of April 2026 debentures extended maturity to February 28, 2027; related warrant exercise prices fell from $0.57 to $0.50, with the reduction for director-held warrants subject to stockholder approval. Net proceeds are intended for working capital and general corporate purposes. authID also announced a $2 million technology licensing, services and support agreement with the EinStrong Charitable Foundation: $1 million was paid for a non-exclusive license and another $1 million committed for biometric de-duplication functionality and engineering support. authID said monthly cash operating expenses were down roughly 40% compared with the first quarter of 2026.
authID Inc. (AUID) entered into a Backstop Commitment Agreement with holders of its senior secured debentures to provide an aggregate backstop of up to $300,000 if no strategic investor funding occurs before the next payroll cycle, or up to $500,000 if such strategic funding occurs. The company has already received $300,000 under this backstop on September 11, 2026. As consideration, authID agreed to issue an aggregate of 750,000 five-year Commitment Fee Warrants with an exercise price of $0.57 per share, and fixed the debentures’ conversion price at an “Adjusted Conversion Price” of $0.38 per share. Existing Warrants issued with the debentures were repriced from $1.50 to $0.57 per share, and all conversions and warrant exercises are subject to a Nasdaq 19.99% cap on total shares issuable without stockholder approval. authID also agreed to file a resale registration statement for the underlying shares within thirty days and to enter into a subordination agreement in favor of a prospective strategic partner’s interim financing.
authID Inc. (AUID) announced leadership changes and new compensation arrangements. Rhoniel A. Daguro resigned as Chief Executive Officer effective September 4, 2026, for “Good Reason” under his Executive Retention Agreement, but will remain on the Board and has been appointed Chairman of the Board effective August 28, 2026.
The Board appointed Thomas R. Szoke, the current Chief Technology Officer and company co‑founder, as Interim Chief Executive Officer effective September 4, 2026, while he continues as CTO. A letter agreement increases his annual base salary to $300,000, provides an immediate $10,000 cash bonus, and a further $210,000 cash bonus payable within five business days after closing a defined “Corporate Transaction,” if he is still CEO at that time. An amended letter for Mr. Daguro preserves non‑employee director compensation and restructures severance payments under Section 4.1 of his Retention Agreement, including pro‑rated monthly payments until he secures alternative employment with base salary of at least $400,000 per year, with timing of initial payments tied to any Corporate Transaction closing.
authID Inc. (AUID) reports that Nasdaq has notified the company it is out of compliance with the Nasdaq Capital Market’s $1.00 minimum bid price requirement after its common stock closed below that level for 30 consecutive business days from July 16 to August 26, 2026. The stock continues to trade on Nasdaq under “AUID” and the notice has no immediate effect on trading.
The company has an initial 180‑day compliance period, until February 23, 2027, to regain compliance, which would occur if the closing bid price is at least $1.00 for at least 10 consecutive business days, and possibly up to 20 days if Nasdaq so requires. authID may implement a reverse stock split, subject to stockholder approval, and must complete it at least 10 business days before the compliance deadline if used to cure the deficiency.
authID also discloses it is not in compliance with Nasdaq’s stockholders’ equity requirement, which could prevent access to a second 180‑day compliance period and increase delisting risk. The company cites risks including its ability to cure the equity deficiency, raise additional capital, and substantial doubt about its ability to continue as a going concern.
authID Inc. (AUID) disclosed that Nasdaq notified the company on August 18, 2026 that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2,500,000. authID reported stockholders’ equity of $2,042,515 as of June 30, 2026.
The common stock continues to trade on the Nasdaq Capital Market under the symbol AUID, and the notice has no immediate effect on the listing. authID has 45 days, until October 2, 2026, to submit a compliance plan, and Nasdaq may allow up to 180 additional days, to February 14, 2027, to regain compliance. Failure to regain compliance could lead to a delisting determination, which authID could appeal to a Nasdaq Hearings Panel.
authID Inc. reported financial results for the second quarter ended June 30, 2026 and highlighted ongoing commercial activity, including continued signing and onboarding of customers and partners and a significant proof-of-concept engagement with a major financial institution covering multiple consumer use cases and technology requirements.
The company described progress toward a workforce verification contract with a major manufacturer and noted additional planned workforce verification proofs of concept for an athletic wear retailer and a medical manufacturer, emphasizing solutions for secure account recovery and call center authentication integrated with platforms such as ServiceNow and Zendesk.
The Board of Directors is evaluating a range of strategic and financing alternatives to enhance shareholder value and support long-term growth, which may include strategic partnerships or investments, additional debt or equity financing, or a sale or merger of the company. authID stated there is no definitive timeline and no assurance any transaction or other outcome will result, and it decided not to hold a conference call on second quarter results while this review is ongoing.
authID Inc. reported weak mid‑2026 results with shrinking revenue and continued losses. Revenues for the six months ended June 30, 2026 were $970,770, down from $1,740,855 a year earlier, reflecting prior contract concessions. Net loss widened slightly to $9,220,422, and cash used in operations was $6,735,892, though this improved versus 2025.
Cash declined to $1,350,631 with a working capital deficit of about $2.3 million, driven mainly by $3,809,864 of short‑term senior secured debt. In April 2026 the company raised approximately $3.5 million net through $4,165,000 of Senior Secured Debentures with five‑year warrants. Management states there is substantial doubt about the company’s ability to continue as a going concern without additional financing and improved cash flow. Customer concentration remains high, with a few clients accounting for most revenue and receivables, while cost‑reduction initiatives have lowered general and administrative expense and narrowed the Adjusted EBITDA loss.
authID Inc. reports leadership and board changes. Chief Product Officer Erick Soto resigned, with mutual agreement that he will leave his role effective August 5, 2026. Director Kunal Mehta tendered his resignation, including from the Audit and Compensation Committees, effective August 7, 2026 for personal reasons.
The company states that Mr. Mehta’s resignation is not due to any disagreement regarding operations, policies, or practices. To fill committee roles, the Board appointed Ram Menghani to the Audit and Compensation Committees and Michael Koehneman to the Compensation Committee, with these appointments effective August 7, 2026.