regulatory
confidence high
sentiment positive
materiality 0.70
T Stamp regains Nasdaq minimum equity compliance; stockholders' equity > $5M
T Stamp Inc
- Converted $2M promissory notes into 4,597,701 shares at $0.435/share in July 2024.
- Granted non-exclusive patent license to Boumarang for a $5M prepaid warrant (August 2024).
- Sold warrants and received exercise proceeds; net proceeds $183,662 after fees and payment.
- Company now believes stockholders' equity exceeds $5M, above Nasdaq's $2.5M minimum.
- Nasdaq will monitor compliance at next periodic report; failure could lead to delisting.