other material
confidence high
sentiment neutral
materiality 0.60
T Stamp stockholders approve reverse split and share issuances to DQI and Armistice
T Stamp Inc
- 97% voted to ratify DQI SPA, selling 4,597,701 Class A shares to DQI Holdings.
- 96% approved Armistice private placement warrants for up to 2,865,798 shares at $0.3223 exercise price.
- 96% approved new warrants to Armistice for up to 9,546,060 shares upon exercise.
- 96% approved reverse stock split at a ratio between 1:5 and 1:50, board to decide by Dec 31, 2024.
- 44% of common stock entitled to vote was represented at the November 18 special meeting.