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authID fixes debenture conversion price at $0.38 under backstop deal

PUBT·09/15/2026 21:12:47
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authID fixes debenture conversion price at $0.38 under backstop deal
  • AuthID entered a backstop commitment agreement with holders of its senior secured debentures on Sept. 9, 2026.
  • $300,000 was funded on Sept. 11, 2026, within an up to $500,000 backstop tied to a potential strategic-investor funding.
  • Conversion price on all outstanding senior secured debentures was fixed at $0.38, effective upon signing.
  • Exercise price on existing warrants was repriced to $0.57 from $1.5.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Authid Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-100201), on September 15, 2026, and is solely responsible for the information contained therein.