Recent Updates — AUID
authID Inc. announced that CEO Rhoniel A. Daguro resigned effective September 4, 2026, citing good reason under his retention agreement, while remaining on the Board and assuming the role of Chairman. The Board appointed CTO Thomas R. Szoke as Interim CEO effective the same date. Compensatory arrangements include a $310,000 total cash bonus for Szoke ($10,000 immediate plus $210,000 contingent on a corporate transaction) and a $400,000 transaction-based bonus for Daguro. Additionally, the company granted Daguro options for 80,000 shares and warrants for 20,000 shares at $2.00 per share. authID Inc. operates in the government security and identity access management industry.
On August 27, 2026, authID Inc. received a deficiency letter from Nasdaq notifying the company that its common stock closed below $1.00 per share for 30 consecutive business days ending August 26, 2026, violating the minimum bid price rule. The company has an initial compliance period of 180 calendar days, until February 23, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Additionally, the company is not in compliance with the stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1), which must be cured to qualify for any potential second compliance period. The filing notes that failure to meet these requirements could result in delisting, though the company may appeal such a determination. authID Inc. operates in the digital identity and authentication technology sector.
On August 18, 2026, authID Inc. received a deficiency letter from Nasdaq for failing to maintain the minimum $2,500,000 stockholders' equity requirement under Listing Rule 5550(b)(1). The company reported equity of $2,042,515 as of June 30, 2026, and did not meet alternative market value or net income thresholds. Trading continues on the Nasdaq Capital Market under symbol AUID. The company has until October 2, 2026, to submit a compliance plan, with potential extensions available up to February 14, 2027. Failure to regain compliance may result in delisting and subsequent appeal proceedings. authID Inc. operates in the identity verification and authentication technology sector.
On August 14, 2026, authID Inc. announced its financial results for the second quarter ended June 30, 2026, and disclosed that its Board of Directors is evaluating strategic and financing alternatives to maximize shareholder value. These alternatives may include a strategic partnership or investment, additional debt or equity financing, or a sale or merger of the Company. The company highlighted ongoing proof-of-concept efforts with major financial institutions and manufacturers, as well as final-stage contract negotiations for workforce verification solutions. Due to the ongoing review process, authID determined not to hold a conference call to discuss its second quarter results. This filing relates to a provider of biometric identity verification and authentication solutions.
authID Inc. reported that Chief Product Officer Erick Soto resigned effective August 5, 2026, and Director Kunal Mehta tendered his resignation effective August 7, 2026, citing personal reasons without any disagreement with the company. The Board appointed Ram Menghani to the Audit and Compensation Committees and Michael Koehneman to the Compensation Committee, both effective August 7, 2026. authID Inc. operates in the digital identity verification and cybersecurity industry.
authID Inc. held its Annual Meeting on July 6, 2026, where shareholders voted to elect six directors to the board, ratify the ring of appointment of Cherry Bekaert LLP as independent auditors, and approve the 2026 Equity Incentive Plan with an allocation of 3,500,000 shares of Common Stock. authID Inc. provides identity verification and identity-centric security solutions.