T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, has announced a $3 million registered direct offering through a securities purchase agreement with a single institutional investor.
The offering includes nearly 5.6 million shares of common stock, or pre-funded warrants in lieu, at $0.54 per share.
Additionally, a concurrent private placement involves unregistered Series A Warrants for about 5.56 million shares and Series B Warrants for about 4.17 million shares, both exercisable upon shareholder approval at $0.54 per share and expiring in five years.
The offering is set to close around December 6.
Trust Stamp provides AI-powered software and data transformation services across sectors such as finance, government, real estate, and humanitarian services.