other material
confidence high
sentiment neutral
materiality 0.70
Trust Stamp (IDAI) raises $3.5M via registered direct offering and private placement warrants priced at $8.45 per unit
T Stamp Inc
- Issued 414,202 shares/pre-funded warrants plus Series A and B warrants for up to 621,303 additional shares at $8.45 exercise.
- Gross proceeds ~$3.5M; net proceeds for working capital and general corporate purposes.
- Officers and directors subject to 30-day lock-up from Jan 8, 2025.
- Registration of resale of warrant shares required within 30 days; company must keep effective.
- Offering closed Jan 8, 2025; Maxim Group acted as sole placement agent.