Trust Stamp (IDAI) Prices 5.56M Share Offering at $0.54/sh

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Go back to Trust Stamp (IDAI) Prices 5.56M Share Offering at $0.54/sh

Trust Stamp Announces Pricing of $3.0 Million Registered Direct Offering

December 5, 2024 8:30 AM EST

Atlanta, GA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 5,555,548 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell unregistered Series A Warrants to purchase up to an aggregate of 5,555,548 shares of common stock, and unregistered Series B Warrants to purchase up to an aggregate of 4,166,661 shares of... More