secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2026-06-25T17:47:47+00:00
Accession:  0001718939-26-000039
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T Stamp raises $5M net via secured note to counter short-selling; cash position >$7.6M
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- Issued $5.51M secured promissory note to Streeterville Capital; net proceeds $5M after $500K OID and $10K fees.
- Note bears 9% annual interest, matures June 25, 2028; secured by all company assets.
- CEO states financing addresses apparent short selling; cash and receivables now exceed $7.6M.
- Mandatory prepayment of 50% of any future fundraising proceeds until note fully repaid.
- Investor monthly redemption rights begin June 25, 2027; exit fee of 7% applies after Dec 25, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893926000039/0001718939-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893926000039/idai-20260625.htm
  HTML page:      https://secwatch.observer/filing/0001718939-26-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer