T Stamp Inc (IDAI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

T Stamp Inc incurred loan of $2,210,000 with Streeterville Capital LLC at nine percent (9%) per annum maturing November 1, 2026.

Instrument: loan
Principal: $2,210,000
Counterparty: Streeterville Capital LLC
Rate: nine percent (9%) per annum
Maturity: November 1, 2026
Event: incurrence

Exact text from the filing

On July 1, 2025, T Stamp, Inc. (the “ Company ”) entered into a Note Purchase Agreement (the “ Agreement ”), with Streeterville Capital LLC (the “ Investor ”), pursuant to which the Company issued a Secured Promissory Note (the “ Note ”) to the Investor in the principal amount of $2,210,000.

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Source: SEC EDGAR

accession 0001718939-25-000129

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