secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001718939-25-000129
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T Stamp issues $2.21M secured note to Streeterville Capital at 9%, due Nov 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893925000129/0001718939-25-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893925000129/idai-20250708.htm
  HTML page:      https://secwatch.observer/filing/0001718939-25-000129

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