Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 18, 2026, authID Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1) (“Rule 5550(b)(1)”), whic…
Filed Aug 21, 2026Accepted Aug 21, 2026, 5:00 PM EDTCIK 1534154Accession 0001213900-26-092659
authID (Nasdaq: AUID) ensures enterprises “Know Who's Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user's identity, leveraging a 1-in-1-billion false positive rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology. Its IDX platform secures the distributed workforce of employees and contractors, while enforcing authorization and accountability for AI agents. By creating a biometric root of trust for each user, authID stops fraud at onboarding, prevents account takeover, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry.
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Item 3.01Item 3.01 - Notice of Delisting
Item 3.01 Notice of Delisting or Failure
to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 18, 2026, authID Inc. (the “Company”)
received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”)
notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1) (“Rule 5550(b)(1)”), which requires
a listed company to maintain stockholders’ equity of at least $2,500,000. The Notice states that the Company reported stockholders’
equity of $2,042,515 in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026, and that, as of the date of the
Notice, the Company did not satisfy either of the alternatives to the stockholders’ equity requirement set forth in Nasdaq Listing
Rules 5550(b)(2) and 5550(b)(3), which require a market value of listed securities of at least $35 million or net income from continuing
operations of at least $500,000 in the most recently completed fiscal year, or in two of the three most recently completed fiscal years,
respectively.
The Notice has no immediate effect on the listing
or trading of the Company’s common stock, which continues to trade on the Nasdaq Capital Market under the symbol “AUID.”
In accordance with Nasdaq Listing Rule 5810(c)(2)(A), the Company has 45 calendar days from the date of the Notice, or until October 2,
2026, to submit to Nasdaq a plan to regain compliance with Rule 5550(b)(1). The Company is evaluating alternatives available to it to
regain compliance and intends to timely submit a plan.
If Nasdaq accepts the Company’s plan, Nasdaq
may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until February 14, 2027, to evidence compliance
with Rule 5550(b)(1). If Nasdaq does not accept the Company’s plan, or if Nasdaq grants an extension and the Company does not regain
compliance within the extension period, Nasdaq will provide written notification that the Company’s common stock is subject to delisting.
In that event, the Company may appeal that determination to an independent Nasdaq Hearings Panel in accordance with Nasdaq Listing Rule
5815(a), and a timely request for a hearing would stay any suspension or delisting action pending the issuance of the Panel’s decision.
The Panel has the discretion to grant the Company an additional period of up to 180 calendar days from the date of the delisting determination
to regain compliance.
There can be no assurance that the Company will
submit a plan acceptable to Nasdaq, that Nasdaq will grant any extension, that the Company will regain compliance with Rule 5550(b)(1)
within any extension period, or that the Company will otherwise satisfy the other continued listing requirements of the Nasdaq Capital
Market.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements regarding the Company’s intention to submit a plan to regain compliance, the Company’s
ability to regain and thereafter maintain compliance with the continued listing requirements of the Nasdaq Capital Market, and the consequences
of any failure to do so. These statements are based on management’s current expectations and are subject to known and unknown risks
and uncertainties, including whether Nasdaq accepts the Company’s plan, the Company’s ability to raise additional capital
on acceptable terms or at all, substantial doubt regarding the Company’s ability to continue as a going concern, and the other factors
described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and
in its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update any forward-looking statement, except as required by law.