other material
confidence high
sentiment negative
materiality 0.85
T Stamp raises ~$3.5M via warrant exercises and direct offering; terminates HCM deal with $1.65M payment
T Stamp Inc
- Registered direct offering of Pre-Funded Warrants for 1,432,399 shares at $0.3213; gross proceeds ~$2.0M.
- Private placement warrants for up to 2,865,798 shares at $0.3223; if exercised, additional $3.076M.
- Investor exercised 4,773,000 existing warrants at reduced $0.3223; received new warrants for 9,546,000 shares; gross $1.538M.
- Terminated HCM Management Foundation deal with $1.65M payment; net proceeds used partly for termination and working capital.
- Officers/directors subject to 60-day lock-up; company restricted from variable-rate transactions for 45-60 days.