Trust Stamp (IDAI) raises $4.3M in warrant inducement, issues new warrants for 2.5M shares

T Stamp Inc

Gross proceeds of ~$4.347M from exercise of warrants at reduced exercise price of $4.20 per share.
Issued new Series A and B warrants for 2,511,044 shares at $4.20, expiring in 5 years.
Post-transaction shares outstanding: 5,243,832; proceeds for growth and working capital.
Existing warrants exercised: 413,696 (Sep) and 621,303 (Jan); Dec warrants exchanged for new warrants.
90-day ban on variable rate transactions; Maxim Group acted as financial advisor.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

T Stamp Inc issued 1,035,999 shares of common stock (413,696 from September 2024 Warrants + 621,303 from January 2025 Warrants) of warrant to institutional investor for exercise of Existing Warrants at reduced price of $4.20 per share, plus issuance of New Warrants to purchase 2,511,044 shares.

Security: warrant
Shares: 1,035,999 shares of common stock (413,696 from September 2024 Warrants + 621,303 from January 2025 Warrants)
Purchaser: institutional investor
Consideration: exercise of Existing Warrants at reduced price of $4.20 per share, plus issuance of New Warrants to purchase 2,511,044 shares

Exact text from the filing

below). As consideration for the Exercise, the Company agreed to (i) reduce the exercise price of all of the Existing Warrants, including any unexercised portion thereof, to $4.20 per share, which is equal to the most recent closing price of the Company’s common stock on the Nasdaq Stock Market prior to the execution of the WEEA; (ii) issue to the

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T Stamp Inc filing history →

Source: SEC EDGAR

accession 0001718939-25-000153

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