T Stamp (IDAI) Stock

T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp CEO Gareth Genner announced told shareholders it is moving forward with a reverse stock split to position the company for broader investment opportunities. The reverse split, effective for trading on January 6, 2025, was approved by an overwhelming 96% of shareholders in November.

Atlanta, GA, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gareth N. Genner, CEO of Trust Stamp, announced, “As our shareholders and observers know, our reverse split will be effective for trading on January 6, 2025. The reverse split process was formally started on September 20, 2024, with notice to Nasdaq. On November 4, 2024, Nasdaq officially extended our time to comply with the $1 closing bid rule based on that plan.

Atlanta, GA, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, has announced that a reverse stock split of its common stock will become effective at the market open on Monday, January 6, 2025.

Atlanta, GA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of advanced identity solutions, is pleased to announce the launch of a pioneering research initiative aimed at expanding its biometric cryptosystem, Stable IT2, to include contactless palm authentication. The Biometric Secure Module (BSM) project will further enhance security by integrating face and palm biometrics, providing a more resilient and privacy-centric authentication system.

T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has been issued a US Patent covering the invention of a Personal Identifiable Information Encoder. Trust Stamp CEO Gareth Genner highlighted data protection and privacy should be “non-negotiable” for any enterprise or government agency storing or processing personal identifiable information (PII).

T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp), the AI-powered identity software provider, announced on Tuesday that it has entered into a securities purchase agreement with an institutional investor to raise approximately $2 million through a combination of a registered direct offering and a private placement. The company will issue over 1.4 million shares of common stock, or pre-funded warrants in lieu thereof, at an offering price of $0.3223 per share.

Atlanta, GA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ providing AI-powered software used globally across multiple sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,432,399 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 2,864,798 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $0.3223. The private placement warrants will be exercisable upon receipt of shareholder approval, will expire five years from the initial exercise date and will have an exercise price of $0.3223 per share.

Trust Stamp (NASDAQ: IDAI ) stock is taking off on Wednesday after the artificial intelligence ( AI ) company announced a new license agreement for its computer vision and AI technologies. Trust Stamp has reached an agreement with Boumarang for the use of its computer vision and AI tech in hydrogen-powered UAV systems.

Earlier this week T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) struck a new partnership with Botdoc to integrate its low-code Orchestration Platform within Botdoc's Connect product. In this interview with Proactive, Trust Stamp president Andrew Gowasack discussed the company's new partnership, aimed at combating the 98% rise in synthetic identity fraud in the automotive industry.