authID Inc. closed a private placement of senior secured convertible debentures with an aggregate principal amount of $1,350,000 on October 6, 2026. The company issued warrants to purchase up to 1,800,000 shares at an exercise price of $0.50 per share. Proceeds will support working capital and general corporate purposes. Concurrently, holders of the April 2026 debentures consented to extend the maturity date from October 29, 2026, to February 28, 2027, in exchange for a reduction of their warrant exercise price to $0.50 per share. The company also announced a $2 million technology licensing and support agreement with the EinStrong Charitable Foundation.
