authID Announces Pricing of Up To $1,350,000 Private Placement Offering
authID priced a private placement of senior secured convertible debentures and warrants for expected gross proceeds of approximately $1.35 million, with debentures convertible at $0.386 and warrants exercisable at $0.50. Holders of the April 2026 senior secured debentures agreed to extend their maturity to February 28, 2027, a sign the company needed relief on existing obligations alongside the new raise.
Key figures
- Deal Value Usd
- 1350000
- Conversion price
- 0.386
- Warrant exercise price
- 0.5
- Debenture maturity extension
- extended to February 28, 2027
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.