T Stamp raises ~$5.2M via registered direct + private placement warrants at $3.30/share

T Stamp Inc

Sold 563,380 shares and pre-funded warrants for up to 1,009,950 shares at $3.30/share; gross proceeds $5,191,989.
Concurrent private placement of warrants for up to 1,573,330 shares at $3.30 exercise price, 5-year term.
Proceeds used for working capital, capex, and general corporate purposes; placement agent Maxim Group receives 7% fee.
Insiders subject to 60-day lock-up from April 12, 2023; company restricted from variable rate transactions until Oct 18, 2023.
Registration required for resale of private placement warrant shares within 45 days of closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

T Stamp Inc entered into SPA with a certain institutional investor valued at approximately $5,191,989 (effective 2023-04-14).

Action: entry
Agreement: equity purchase
Counterparty: a certain institutional investor
Value: approximately $5,191,989
Effective: 2023-04-14

Exact text from the filing

On April 14, 2023, T Stamp Inc., a Delaware corporation (the “ Company ”), entered into a securities purchase agreement (the “ SPA ”) with a certain institutional investor

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

T Stamp Inc entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-04-13).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Effective: 2023-04-13

Exact text from the filing

on April 13, 2023, the Company entered into a placement agency agreement (the “ Placement Agency Agreement ”) with Maxim Group LLC (the “ Placement Agent ”)

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38 material agreements filed in the last 30 days. Browse all material agreements →

T Stamp Inc filing history →

Source: SEC EDGAR

accession 0001104659-23-046619

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