authID Inc. Notified of Nasdaq Noncompliance for Low Share Price

What Happened

• authID Inc. (Nasdaq: AUID) announced that on August 27, 2026 it received a Nasdaq deficiency letter notifying the company that the closing bid price of its common stock was below the $1.00 minimum required for continued Nasdaq Capital Market listing for 30 consecutive business days (July 16, 2026 through August 26, 2026). The notice does not affect current trading, and the company’s shares continue to trade under the symbol AUID.

Key Details

• Notice date: August 27, 2026; deficiency period: July 16–August 26, 2026 (30 consecutive business days).
• Nasdaq granted an initial 180-calendar-day compliance period under Listing Rule 5810(c)(3)(A), expiring February 23, 2027.
• To regain compliance the stock must close at $1.00 or more for at least 10 consecutive business days (Nasdaq may require up to ~20 business days in practice); a reverse stock split is an option but must be completed no later than 10 business days before the compliance period ends.
• authID previously disclosed a separate noncompliance with the Nasdaq stockholders’ equity requirement (Listing Rule 5550(b)(1)), which may affect eligibility for a second 180‑day compliance period.

Why It Matters

• If authID does not regain the $1.00 minimum bid price by Feb 23, 2027, Nasdaq could start delisting procedures; the company could seek a second compliance period only if it meets other initial listing requirements (including market value of publicly held shares and stockholders’ equity) and not the bid-price test.
• Delisting would reduce liquidity and could limit investor access; however, trading currently continues and the company has the right to appeal any delisting notice to a Nasdaq Hearings Panel, which would stay delisting pending the hearing. The company is monitoring its options, including a possible reverse stock split, but there is no assurance it will regain compliance.