authID Inc.

authID Inc. announced that its 2026 Annual Meeting will be held virtually on July 6, 2026, at 10:00 a.m. EDT. The company has filed its Proxy Statement with the SEC, which outlines the proposals for the meeting. Stockholders will vote on the election of directors, the ratification of the appointment of auditors, and the approval of the 2026 Equity Incentive Plan.

authID Inc. announced its Annual Meeting of Stockholders will be held virtually on July 6, 2026, to vote on several key proposals. Stockholders will consider the election of six director nominees, the ratification of Cherry Bekaert LLP as independent auditors, and the approval of the 2026 Equity Incentive Plan, which authorizes the issuance of 3,500,000 shares of common stock. The Board of Directors recommends voting "FOR" all proposals. The company also provided details on beneficial ownership, with Stephen J. Garchik holding 10.4% of outstanding common stock.

authID Inc. announced a strategic OEM partnership with Rubidex, a company focused on operational intelligence for the AI era. Through this collaboration, authID's Verified™ with PrivacyKey™ will be integrated across Rubidex’s platform, including RubiVault, Rubidex Core, and BMSIntel. This partnership aims to securely verify user identity and control access to sensitive systems and data without relying on passwords, thereby reducing fraud and strengthening access control in distributed AI-driven infrastructures. The combined solution addresses critical needs in workforce access, smart infrastructure, and secure data platforms, tapping into rapidly growing markets such as Decentralized Identity, DePIN, and the global AI market.

authID Inc. reported its first-quarter 2026 financial results, with total revenue increasing to $0.5 million from $0.3 million year-over-year. The company's Adjusted EBITDA loss improved to $3.4 million from $3.9 million in the prior year. authID also highlighted significant operational progress, including building a $40 million pipeline, launching a quantum-resistant biometric identity platform, expanding partnerships, and securing $4.2 million in bridge financing post-quarter.

authID Inc. reported a 62% increase in Q1 2026 revenue to $0.48 million, up from $0.30 million in Q1 2025. Despite the revenue growth, the company's net loss widened to $(4.46) million from $(4.34) million year-over-year, and it issued a going concern warning due to an accumulated deficit of $196.2 million and continued operational cash burn. Subsequent to the quarter, authID raised approximately $3.6 million in net proceeds through a private placement of Senior Secured Debentures and warrants. The company also faces a class action lawsuit alleging BIPA violations.

authID Inc. reported Q1 2026 financial results, with total revenue increasing 66% to $0.5 million and Adjusted EBITDA Loss narrowing to $3.4 million. The company's net loss was $4.5 million, or $0.28 per share, an improvement in EPS from the prior year. authID also secured $4.2 million in bridge financing post-quarter, launched a quantum-resistant biometric identity platform, and expanded its strategic partnerships, contributing to a growing $40 million enterprise pipeline.

authID Inc. announced that Shrikrishna Venkataraman resigned from its Board of Directors and all Board committees, effective May 5, 2026. His departure was for personal reasons related to new professional commitments and not due to any disagreement with the company. Following this, the Board appointed Kunal Mehta, an existing independent director, to the Audit Committee on May 11, 2026, to fill the vacancy.

authID Inc. announced it will report its financial results for the first quarter ended March 31, 2026, on Thursday, May 14, 2026, after the market closes. Following the earnings release, the company's CEO and CFO will host a webcast and conference call at 5:00 p.m. ET to discuss the results and provide a corporate update. Details for participation and webcast access were provided.

authID Inc. completed a private placement on April 29, 2026, raising approximately $3.765 million through the issuance of senior secured debentures and accompanying stock purchase warrants to accredited investors. The debentures mature in six months and do not bear interest, while the warrants are exercisable at $1.50 per share for a five-year term. Additionally, investors received fee shares, and the company granted registration rights for the equity securities, all in compliance with Nasdaq listing rules.

authID Inc. announced a definitive agreement for a private placement offering of Senior Secured Debentures and Warrants, expecting to raise approximately $4,000,000 in gross proceeds. The company has received subscriptions for about $3.5 million, with directors Stephen Garchik and Ken Jisser participating. The net proceeds will be used for working capital and general corporate purposes.