Trust Stamp (IDAI) Prices 1.28M Share Offering at $2.30/sh

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Go back to Trust Stamp (IDAI) Prices 1.28M Share Offering at $2.30/sh

Trust Stamp Announces Pricing of $2.9 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market

June 1, 2023 8:30 AM EDT

ATLANTA, June 01, 2023 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company providing artificial intelligence (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 purchase 1,279,700 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered warrants to purchase up to an aggregate of 1,279,700 shares of common stock.... More