debt
confidence high
sentiment neutral
materiality 0.65
T Stamp issues $2.21M secured note to Streeterville Capital at 9%, due Nov 2026
T Stamp Inc
- Secured promissory note of $2,210,000 issued; net proceeds $2,000,000 after $200K OID and $10K fees.
- Interest at 9% per annum; maturity November 1, 2026.
- Mandatory prepayment: 50% of future fundraising proceeds until note fully repaid.
- Investor may redeem up to monthly maximum after March 1, 2026; 7% exit fee applies.
- Default rate 22%; note secured by all assets including IP.
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