secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001718939-24-000122
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T Stamp raises $2M via private placement of 4.6M shares at $0.435/share
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- Issued 4,597,701 shares to one investor via three promissory notes totaling $2,000,000.
- Notes: $500,000 due July 31, $500,000 due Aug 31, $1,000,000 due 3 days after effective registration statement.
- Proceeds for working capital; shares sold under Regulation D exemption from SEC registration.
- Voting cap at 19.99% unless stockholders ratify the SPA; ratification sought at next annual/extraordinary meeting.
- Company must file resale registration statement within 45 days of closing date (July 13, 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000122/0001718939-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000122/idai-20240713.htm
  HTML page:      https://secwatch.observer/filing/0001718939-24-000122

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