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authID secures $4M bridge loan with warrants to fund growth and operations

Company Fundamentals
29 Apr 2026
GlobeNewsWire
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Neutral
pluang ai news

authID Inc. announced a $4 million bridge loan financing through a private placement of senior secured debentures and warrants exercisable at $1.50 per share. The company plans to use the proceeds for working capital and general corporate purposes. Key investors include directors Stephen Garchik and Ken Jisser. Madison Global Partners acted as placement agent and financial advisor, supporting authID's strategic growth and shareholder value initiatives. The offering is expected to close around April 29, 2026, subject to customary conditions.

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