Trust Stamp (IDAI) Announces $1.5 Million Private Placement

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Go back to Trust Stamp (IDAI) Announces $1.5 Million Private Placement

Trust Stamp Announces $1.5 Million Private Placement

September 12, 2022 8:55 AM EDT

Atlanta, GA, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered trust and identity services used globally across multiple sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor to sell approximately $1.5 million of its common stock and warrants in a private placement.

Each share of common stock is being sold together with two warrants to purchase two shares of common stock at a combined purchase price of $1.55. Under the terms of the purchase agreement, Trust Stamp has... More