Trust Stamp Seeks to Raise US $5M

August 25, 2021 at 13:30 PM EDT

Trust Stamp Seeks to Raise US $5M from Public Market in Pursuit of Nasdaq Uplisting

ATLANTA, GA / ACCESSWIRE / August 25, 2021 / Trust Stamp (OTCQX:IDAID*, Euronext Growth: AIID ID), a global provider of AI-powered trust & identity services used across multiple sectors, is pleased to announce the launch of a $5 million round of funding comprised of a US SEC Regulation CF offering to the general public combined with a US SEC Regulation D offering.

Notably, each share issued in the round is paired with a warrant to purchase an additional share of common stock in Trust Stamp's next Regulation-A offering. Both offerings are effective immediately, and are priced at $4 for the share/warrant combination. More information on the Regulation CF offering can be found here, and more information on the Regulation D offering can be found here.

The Regulation CF investment opportunity is available to the public, including non-accredited and international investors alike, with a minimum investment of $1,000, and is accessible through the Company's crowdfunding webpage. The Regulation D offering targets those who wish to invest in excess of the Regulation CF limitations and are able to do so based on their net worth or income, and requires a minimum investment of $5,000.

This public offering follows a successful $4M Regulation D raise earlier in 2021 and interest from investors in Trust Stamp's last public raise, which closed in July of 2020, having raised $5.6M from over 2,700 crowdfunding investors just over two months after going live, in addition to Regulation D investments from prominent venture capital investors and clients that include Mastercard and FIS.

The raise supports shareholders' equity requirements for Trust Stamp's April 2021 application to list on the Nasdaq Capital Market as well as sales and marketing initiatives and IP productization, and comes shortly after the announcement of a five for one stock split to assist in meeting trading volume requirements. Satisfying qualitative and quantitative standards for Nasdaq cannot be guaranteed, but the Company continues to progress through the application process with the support of its advisors and Nasdaq staff.

In just over a year since their first public offering, Trust Stamp's achievements include:

Listing on the Euronext Growth Market in Dublin and trading on the OTCQX Best Market in the US
Entering new market sectors with clients in the cryptocurrency, travel, and insurance industries, as well as financial services
Growth in the company's robust intellectual property portfolio with five new patent filings and three patent issuances
Acquiring https://pixelpin.io
Approaching 3x team growth to over 80 team members with offices on four continents

Trust Stamp CEO Gareth Genner comments: 'The support that Trust Stamp receives from our mission-aligned crowdfunding investors has been fundamental to our many achievements in the past year. We are thrilled to return to our crowdfunding investors to drive our uplisting from OTCQX to Nasdaq and continue our trajectory of growth as we capitalize on the global market opportunities arising from accelerating digitization, demands for privacy, and increased regulatory oversight across multiple industries.'

Enquiries

Trust Stamp Email: Shareholders@truststamp.ai

Gareth Genner, Chief Executive Officer

Nisha Naik, Executive VP of Communications

Davy (Euronext Growth Advisor) Tel: +353 1 679 6363

Barry Murphy

Powerscourt (Financial Public Relations) Tel: +353 87 236 5973

Eavan Gannon Email: Truststamp@powerscourt-group.com

About Trust Stamp

Trust Stamp is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

Located in seven countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the OTCQX Best Market (OTCQX: IDAID*) and Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 80 people with flagship customers including Mastercard International and FIS.

*A stock split was effected on August 23, 2021, at which time the post-split shares began trading on OTCQX under the trading symbol 'IDAID'. 20 business days, after this date, the Company's trading symbol will revert to 'IDAI'

LEGAL DISCLAIMER

The information in this press release may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management's current views with respect to future events based information currently available and are subject to risks and uncertainties that could cause the company's actual results to differ materially. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. All investors should read the offering memorandums provided in conjunction with these offerings. Investments in Regulation CF offerings are speculative, illiquid, and involve a high degree of risk, including the possible loss of your entire investment. Trust Stamp has filed Form C that forms the Regulation CF Offering Statement with the SEC, a copy of which may be obtained from https://www.investintruststamp.ai.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: T Stamp Inc.

View source version on accesswire.com:
https://www.accesswire.com/661369/Trust-Stamp-Seeks-to-Raise-US-5M

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Trust Stamp Seeks to Raise US $5M

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