Trust Stamp Secures $4.3 Million through Warrant Agreement

Trust Stamp Engages in a Strategic Warrant Inducement Deal

Trust Stamp, known officially as T Stamp Inc. (Nasdaq: IDAI) and based in Atlanta, Georgia, has made headlines recently with its latest financial maneuver. The company finalized a warrant inducement agreement with an existing institutional investor, potentially enabling the exercise or exchange of several outstanding warrants. Notably, this involves warrants issued on dates ranging from September 2024 to January 2025.

Understanding the Warrant Inducement Agreement

This agreement stipulates that the investor will exercise portions of the September and January Series A and Series B Warrants, allowing them to procure a total of 1,034,999 shares of the company's common stock. Significantly, the exercise price for these shares has been reduced to $4.20, enhancing the appeal of this transaction.

Implications for Trust Stamp

The total expected proceeds from this warrant exercise stand at approximately $4.3 million, a capital infusion that can be directed towards various strategic initiatives. Maxim Group LLC is acting as the Financial Advisor for this transaction, further underscoring the strategic importance of this agreement for Trust Stamp.

Investor Dynamics and New Offerings

In exchange for the exercise of the existing warrants, Trust Stamp will also issue unregistered Series A Warrants and Series B Warrants amounting to significant shares, ensuring they maintain a robust capital structure. The Series A Warrants will allow the investor to purchase 1,301,945 shares, while the Series B Warrants account for an additional 1,209,099 shares, all at the adjusted exercise price of $4.20 per share.

New Warrant Terms

The newly introduced warrants will not only share similar terms to the previous ones but also be immediately exercisable with a five-year expiration from the date of issuance. Trust Stamp's commitment to filing a registration statement with the SEC is also crucial as it paves the way for the resale of common stock resulting from these new warrants.

About Trust Stamp: A Leader in AI-Powered Services

Trust Stamp is renowned for its innovative AI-driven solutions, catering to various sectors such as finance, healthcare, and government. By leveraging cutting-edge technology, Trust Stamp empowers organizations to combat fraud, secure data, and enhance user authentication processes—all while prioritizing users' privacy. This approach enables enterprises to conduct secure transactions efficiently and to expand financial inclusivity across diverse consumer bases.

A Global Workforce

With a diverse team representing twenty-two nationalities across eight countries, Trust Stamp remains a global player in its industry. The team's collective expertise drives the company’s mission to serve a broad spectrum of clients effectively, which solidifies its position on the Nasdaq Capital Market.

Frequently Asked Questions

What is the focus of Trust Stamp's services?

Trust Stamp specializes in AI-powered identity services, delivering solutions that span various sectors including banking, healthcare, and government.

How much capital is Trust Stamp expected to raise from the warrant transaction?

The company anticipates gross proceeds of approximately $4.3 million from this warrant inducement agreement.

Who is advising Trust Stamp on the transaction?

Maxim Group LLC is acting as the Financial Advisor for this transaction.

What are the new warrants being introduced to the investor?

The new warrants include Series A and Series B options, allowing the investor to purchase over 2.5 million shares at a price of $4.20 each.

Where can I find more details about Trust Stamp's offerings?

For further information on Trust Stamp’s services and technologies, you can contact them at Shareholders@truststamp.ai.

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