T Stamp Board authorizes sale/merger exploration and expense reductions including layoffs

T Stamp Inc

Board authorized management to discuss potential sale or merger of the company or its business lines.
Management authorized to explore significant expense reductions, including potential layoffs.
No definitive agreements reached; no specific measures have been implemented as of the filing date.
Process is ongoing; there is no assurance that any transaction will result.
Company will not disclose further details unless and until the Board approves a specific transaction.

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