T Stamp raises ~$3.5M in registered direct offering and warrant inducement; terminates HCM agreement

T Stamp Inc

Gross proceeds: $2.0M from direct offering and $1.538M from warrant exercise for total ~$3.538M.
Investor exercised 4,773,030 existing warrants at $0.3223/share; received new warrants for 9,546,060 shares.
Company paid $1.65M to HCM Management Foundation to terminate all prior transaction documents.
Net proceeds used for termination payment, working capital; shareholder approval required for warrants to become exercisable.
Officers and directors subject to 60-day lock-up; Maxim Group acted as placement agent.

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