<a href="https://laohu8.com/S/IDAI">T Stamp Inc.</a> Raises $4.3 Million Through Warrant Inducement Transaction
T Stamp Inc., doing business as Trust Stamp (Nasdaq: IDAI), has entered into a warrant inducement agreement with an existing institutional investor, resulting in the exercise and/or exchange of certain outstanding warrants originally issued in September 2024, December 2024, and January 2025. As part of the agreement, the investor will exercise warrants to purchase shares of common stock at a reduced exercise price of $4.20 per share, with expected gross proceeds to Trust Stamp of approximately $4.3 million before fees and expenses. In addition, the company will issue new unregistered warrants to the investor for the purchase of up to 2,511,044 shares of common stock, also at $4.20 per share, which will be immediately exercisable and expire five years from issuance. Maxim Group LLC is acting as the financial advisor for the transaction.
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