secwatch.observer — SEC 8-K summary
======================================

Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001718939-24-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000047/0001718939-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000047/idai-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001718939-24-000047

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