secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001104659-23-046619
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000110465923046619/0001104659-23-046619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000110465923046619/tm2313084d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-046619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer