other material
confidence high
sentiment neutral
materiality 0.45
T Stamp issues warrants for 3.76M shares to DQI in restructuring of prior notes
T Stamp Inc
- Issued warrants to purchase 3,763,950 Class A shares at $0.2273 to DQI Holdings.
- DQI resolved wire issues preventing $500K note repayment due Aug 31, 2024.
- DQI accelerated $1M promissory note repayment to on or before Sept 30, 2024.
- Warrants exercisable from Nov 1, 2024 for 2 years; cashless exercise allowed.
- Company must file resale registration statement for warrant shares within 45 days of closing.