T Stamp raises $1.94M in private placement with HCM Management Foundation; issues shares and warrants

T Stamp Inc

Sold 499,990 shares at $0.968 and pre-funded warrant for 1,500,010 shares at $0.00 exercise price.
Granted Warrant B (2M shares at $0.968) and Warrant C (1.6M shares at $1.06) with 5-year term, exercisable after 6 months.
Registration Rights Agreement requires filing within 15 days; subject to penalties for delays.
Maxim Group LLC acted as placement agent, receiving 7% cash fee ($135,520) plus $10K expense reimbursement.
Proceeds to be used for working capital; securities issued under Section 4(a)(2) and Rule 506(b) exemption.

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 Securities Purchase Agreement with a certain institutional investor valued at $1,936,000 (effective 2024-04-01).

Action: entry
Agreement: equity purchase
Counterparty: a certain institutional investor
Value: $1,936,000
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, T Stamp Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ SPA ”) with a certain institutional investor.

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

T Stamp Inc filing history →

Source: SEC EDGAR

accession 0001718939-24-000047

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