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authID Raises $1.35M in Secured Convertible Debentures, Issues Warrants; Extends Debt to Feb 2027
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authID completed a private financing anchored by $1.35 million in senior secured convertible debentures and new investor warrants, strengthening near-term liquidity. The zero-coupon notes convert at $0.386 per share and mature on Feb 28, 2027, while 1.8 million five-year warrants are exercisable at $0.50 per share pending stockholder approval. To secure the notes, the company granted pari passu first-priority liens on substantially all assets and agreed to register the…