authID backstop deal funds $300K, cuts warrant price

Rhea-AI Filing Summary

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.

Positive

• Up to $500,000 backstop from existing debenture holders, with $300,000 already funded, provides near-term liquidity support tied to prospective strategic investor financing.
• authID obtained registration rights commitments, including filing a resale registration statement for backstop-related shares within 30 days, which may improve future trading liquidity for those securities.

Negative

• Conversion and warrant exercise prices were reset to low levels ($0.38 conversion price; $0.57 warrant exercise price), increasing potential equity dilution to existing stockholders.
• The aggregate shares issuable from debentures, fee shares, existing and new warrants are capped at 19.99% of pre-April 2026 outstanding shares without stockholder approval, limiting flexibility to raise additional equity under these instruments.
• authID warns that the backstop commitment may be insufficient to meet near-term liquidity needs and that a strategic investor transaction may not be consummated.

Filing Explained

The filing says the $300,000 backstop was funded on September 11, 2026, but the matching senior secured debenture is described as something the company will issue if funding occurs; it will be exchangeable into shares at $0.38, subject to Nasdaq’s 19.99% cap.

8-K Event Classification

3 items: 1.01, 3.02, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Backstop commitment (no strategic funding): $300,000 Backstop commitment (with strategic funding): $500,000 Amount funded: $300,000 +5 more

8 metrics

Backstop commitment (no strategic funding) $300,000 Aggregate backstop amount if no strategic investor funding occurs before the next payroll cycle

Backstop commitment (with strategic funding) $500,000 Aggregate backstop amount if a funding transaction with a strategic investor occurs

Amount funded $300,000 Total backstop funding provided on September 11, 2026

Commitment Fee Warrants 750,000 warrants Aggregate number of new warrants issued to backstop providers

Commitment Fee Warrant exercise price $0.57 per share Exercise price for the 750,000 Commitment Fee Warrants

Adjusted Conversion Price $0.38 per share Fixed conversion price for all Senior Secured Debentures issued under the April 2026 Purchase Agreement

Existing Warrant repricing $1.50 to $0.57 per share Reduction in exercise price for all Existing Warrants, subject to director-related approvals

Nasdaq share cap 19.99% Maximum percentage of pre-April 2026 outstanding shares issuable under related instruments without stockholder approval

Key Terms

Backstop Commitment Agreement, Senior Secured Debentures, Adjusted Conversion Price, Subordination Agreement, +2 more

6 terms

Backstop Commitment Agreement financial

"entered into a Backstop Commitment Agreement with certain holders of the Company’s outstanding senior secured debentures"

Senior Secured Debentures financial

"The senior secured debentures were issued pursuant to that certain Securities Purchase Agreement"

A senior secured debenture is a company-issued loan note that has two protections for lenders: it ranks near the top of the payment line if the company runs into trouble (senior) and is backed by specific assets as collateral (secured). Think of it like a loan that comes with a legal claim on certain property and a promise to be paid before many other creditors; that makes it generally safer than unsecured or junior debt and influences the interest rate, credit risk, and recoveries investors can expect.

Adjusted Conversion Price financial

"conversion price applicable to all Senior Secured Debentures was fixed at the “Adjusted Conversion Price,” which is $0.38"

Subordination Agreement financial

"providing certain related consents and waivers to the Company and the Strategic Partner (the “Subordination Agreement”)"

Registration Rights regulatory

"agreed to file with the Securities and Exchange Commission a registration statement covering the resale"

Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.

Nasdaq Limitation market

"may not exceed 19.99% of the number of shares of Common Stock outstanding"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing did authID Inc. (AUID) secure under the Backstop Commitment Agreement?

authID secured a backstop of up to $300,000 if no strategic transaction closes before the next payroll, or up to $500,000 if such funding occurs. The company reports that $300,000 was funded on September 11, 2026.

How many new warrants did authID Inc. (AUID) issue and at what price?

authID agreed to issue 750,000 Commitment Fee Warrants to the backstop providers. These warrants have a term of five years and an exercise price of $0.57 per share, and they are exercisable in whole or in part at any time during their term.

What are the new conversion and warrant exercise prices for authID Inc. (AUID)?

The senior secured debentures now have an Adjusted Conversion Price of $0.38 per share. All Existing Warrants issued with those debentures were repriced so that their exercise price was reduced from $1.50 to $0.57 per share, subject to certain director-related stockholder approvals.

What is the Nasdaq 19.99% limitation mentioned by authID Inc. (AUID)?

authID states that, without stockholder approval, the total shares issuable from debenture conversions, related fee shares, Existing Warrants, the Backstop Debenture, and Commitment Fee Warrants may not exceed 19.99% of the common shares outstanding immediately before the April 2026 Purchase Agreement.

What registration obligations did authID Inc. (AUID) undertake for the new securities?

authID agreed to file a registration statement with the SEC within 30 days of the Backstop Agreement, covering the resale of shares underlying the Backstop Debenture and Backstop Agreement warrants, and to use commercially reasonable efforts to make it effective within 30 days after filing.

Under what exemption were authID Inc. (AUID) securities issued in this transaction?

The Commitment Fee Warrants, any Backstop Debenture, and their underlying common shares were, or will be, issued in reliance on Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D, to accredited investors without general solicitation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 9, 2026

authID Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-40747		46-2069547
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1580 North Logan Street, Suite 660, Unit 51767

Denver, Colorado 80203

(Address of principal executive offices, including zip code)

(516) 274-8700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		AUID		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

Backstop Commitment Agreement

On September 9, 2026, authID Inc. (the “Company”) entered into a Backstop Commitment Agreement (the “Backstop Agreement”) with certain holders of the Company’s outstanding senior secured debentures (each, a “Commitment Party” and, collectively, the “Commitment Parties”). The senior secured debentures (the “Senior Secured Debentures”) were issued pursuant to that certain Securities Purchase Agreement, dated as of April 29, 2026, by and between the Company and each purchaser named therein (the “April 2026 Purchase Agreement”), together with warrants to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), issued to the holders of the Senior Secured Debentures in connection therewith (the “Existing Warrants”).

Backstop Commitment. Subject to the terms and conditions of the Backstop Agreement, each Commitment Party has agreed, severally and not jointly, to fund its pro rata share of an aggregate backstop commitment of up to (i) $300,000, if no funding transaction with a third-party strategic investor (or its affiliates) occurs prior to the Company’s next payroll cycle, or (ii) $500,000, if a funding transaction with a third-party strategic investor (or its affiliates) does occur, of which $300,000 may be drawn at any time (to the extent not previously drawn under clause (i)) and the remaining $200,000 may be drawn once fifty percent (50%) of the proceeds contemplated by the Company’s agreement with such third-party strategic investor have been utilized (the applicable amount, the “Backstop Amount”).

Funding Notice; Closing. The Company may call upon the backstop commitment by delivering a written funding notice to each Commitment Party specifying the aggregate amount to be funded by each Commitment Party, subject to the satisfaction or waiver of customary closing conditions. A total of $300,000 was funded on September 11, 2026.

Commitment Fee Warrants. As consideration for the backstop commitment, and effective upon execution of the Backstop Agreement regardless of whether the Backstop Amount is ultimately funded, the Company agreed to issue to the Commitment Parties, in proportion to their respective pro rata shares, an aggregate of 750,000 warrants to purchase shares of Common Stock (the “Commitment Fee Warrants”). The Commitment Fee Warrants have a term of five years from the date of issuance, are exercisable in whole or in part at any time during their term, are subject to customary adjustment for stock splits, stock dividends, recapitalizations and similar events, and have an exercise price of $0.57 per share.

Adjustment of Conversion Price of the Senior Secured Debentures. Effective upon execution of the Backstop Agreement, and regardless of whether the Backstop Amount is ultimately funded, the conversion price applicable to all Senior Secured Debentures issued pursuant to the April 2026 Purchase Agreement was fixed at the “Adjusted Conversion Price,” which is $0.38. This adjustment is to be made in accordance with the terms of the Senior Secured Debentures and the April 2026 Purchase Agreement and applies to all Senior Secured Debentures outstanding as of September 9, 2026, regardless of whether such holder is a Commitment Party under the Backstop Agreement, except that any Senior Secured Debenture held by a Director will not be convertible without prior stockholder approval.

Repricing of the Existing Warrants. Effective upon execution of the Backstop Agreement, and regardless of whether the Backstop Amount is ultimately funded, the exercise price of all Existing Warrants was reduced to $0.57 per share. The Existing Warrants previously had an exercise price of $1.50 per share. This adjustment is made in accordance with the terms of the April 2026 Purchase Agreement, except that the exercise price of any Existing Warrant held by a Director will not be adjusted without prior stockholder approval.

1

Backstop Debenture. If the Backstop Amount is funded in whole or in part, the Company will issue to the Commitment Parties, in proportion to their respective pro rata shares of the amount actually funded, a senior secured debenture in an aggregate principal amount equal to the amount funded (the “Backstop Debenture”). The Backstop Debenture will be effected by way of an amendment to the Commitment Parties’ respective Senior Secured Debentures. The Backstop Debenture will rank pari passu in right of payment and security with the Senior Secured Debentures (subject to the rights of the Strategic Partner described below), will be secured by the same collateral and on the same basis as the Senior Secured Debentures, will bear interest at the same rate as the Senior Secured Debentures, will have a maturity date coterminous with the Senior Secured Debentures and will be subject to the same covenants and events of default as the Senior Secured Debentures, in each case as modified by the Subordination Agreement described below. The Backstop Debenture will be exchangeable, at the option of the holder, into shares of Common Stock at the Adjusted Conversion Price.

Subordination Agreement. The Company has advised the Commitment Parties that it is proposing to enter into an interim finance agreement with a strategic partner (the “Strategic Partner”). Each Commitment Party has agreed that it will promptly enter into, execute and deliver, upon the Company’s request and subject to review by its counsel, an agreement subordinating its rights under the Senior Secured Debentures and related documents, and its rights under the Backstop Agreement, to the Strategic Partner, and providing certain related consents and waivers to the Company and the Strategic Partner (the “Subordination Agreement”).

Registration Rights. The Company agreed to file with the Securities and Exchange Commission (the “SEC”), within thirty days following execution of the Backstop Agreement, a registration statement covering the resale of the shares of Common Stock underlying the Backstop Debenture and the warrants issued pursuant to the Backstop Agreement, and to use commercially reasonable efforts to cause that registration statement to become effective within thirty days following the filing thereof. The Company is required to maintain the effectiveness of the registration statement until the earlier of the date on which all shares covered thereby have been sold and the date on which such shares may be sold without restriction pursuant to Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”).

Nasdaq Limitation. The Backstop Agreement provides that, in accordance with the terms of the April 2026 Purchase Agreement, the Senior Secured Debentures and the Existing Warrants, the aggregate number of shares of Common Stock issuable pursuant to (a) any security into which the Senior Secured Debentures may be converted or exchanged, (b) any fee shares issued under the April 2026 Purchase Agreement, (c) the Existing Warrants and (d) the Backstop Debenture and the Commitment Fee Warrants may not exceed 19.99% of the number of shares of Common Stock outstanding immediately prior to the date of the April 2026 Purchase Agreement, without stockholder approval in accordance with the applicable rules of The Nasdaq Stock Market LLC.

Other Terms. The Backstop Agreement contains customary representations, warranties and covenants of the Company and the Commitment Parties, and provides for indemnification by the Company of the Commitment Parties and their related persons for losses arising out of the Company’s breach of the Backstop Agreement, third-party claims relating to the transactions contemplated thereby and the Company’s failure to comply with applicable law in connection therewith. The Backstop Agreement is governed by the laws of the State of New York.

The foregoing descriptions of the Backstop Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Backstop Agreement a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated herein by reference.

2

Item 3.02. Unregistered Sales of Equity Securities.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.

The Commitment Fee Warrants, the shares of Common Stock issuable upon exercise of the Commitment Fee Warrants, the Backstop Debenture (if and when issued) and the shares of Common Stock issuable upon exchange of the Backstop Debenture were, or will be, issued in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof and Rule 506(b) of Regulation D promulgated thereunder. Each Commitment Party represented to the Company that it is an “accredited investor” as defined in Rule 501(a) of Regulation D, that it has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment, and that it is acquiring the securities for its own account for investment purposes and not with a view toward distribution in violation of the Securities Act. The securities were offered and sold without any general solicitation or general advertising, and the certificates or instruments representing the securities will bear a legend restricting transfer absent registration or an applicable exemption.

The adjustment of the conversion price of the Senior Secured Debentures and the reduction of the exercise price of the Existing Warrants described in Item 1.01 were effected in reliance upon the same exemption.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1*		Form of Backstop Commitment Agreement, dated as of September 9, 2026, by and among authID Inc. and the Commitment Parties identified therein.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Certain schedules, exhibits and similar attachments, and certain personally identifiable information appearing on the signature pages, have been omitted pursuant to Item 601(a)(5) and Item 601(a)(6) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the availability and funding of the backstop commitment, the anticipated interim finance agreement with the Strategic Partner and the Subordination Agreement, the issuance and terms of the Backstop Debenture, the Company’s intended registration of the resale of the underlying shares, and the Company’s liquidity and capital resources. These statements are based on the Company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including that the Company may not satisfy the conditions to funding, that no transaction with a third-party strategic investor may be consummated, that the backstop commitment may be insufficient to meet the Company’s near-term liquidity needs, that the Company’s ability to issue shares is limited by the Nasdaq limitation described above absent stockholder approval, that the registration statement may not be filed or declared effective within the contemplated timeframes, and the risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its subsequent periodic reports filed with the SEC. Except as required by law, the Company undertakes no obligation to update any forward-looking statement.

3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 15, 2026	authID Inc.
	By:	/s/ Thomas R. Szoke
	Name:	Thomas R. Szoke
	Title:	Chief Executive Officer

4

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 FORM OF BACKSTOP COMMITMENT AGREEMENT, DATED AS OF SEPTEMBER 9, 2026, BY AND AMO 92.4 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB