secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001718939-24-000152
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000152/0001718939-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000152/idai-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001718939-24-000152

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