secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K/A
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001718939-24-000157
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T Stamp raises ~$3.5M via warrant exercises and direct offering; terminates HCM deal with $1.65M payment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000157/0001718939-24-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000157/idai-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001718939-24-000157

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