authID prices USD 1.35 million senior secured convertible debenture offering

Bitget2026/10/05 20:16

authID priced a private placement of Senior Secured Convertible Debentures with expected gross proceeds of about 1.35 million. Debentures convert into common stock at USD 0.386; warrants issued with the financing carry a USD 0.50 exercise price. Closing is expected to begin on or about Oct. 6, subject to customary conditions. Holders of April 2026 senior secured debentures agreed to extend maturity to Feb. 28, 2027. Net proceeds are earmarked for working capital, general corporate purposes. 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 GlobeNewswire (Ref. ID: 202610051615PRIMZONEFULLFEED9839916) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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