T Stamp Inc Announces Regulation D (Reg D) offering
Trust Stamp has announced a combined $5 million private offering and crowdfunding round aimed at enhancing its AI-powered identity services. The offering will include a Regulation D offering priced at $15.31 per share and a planned Regulation CF offering set to launch in early May 2021. The company has secured $1 million in pre-commitments and aims to close the Regulation D offering by May 31, 2021. Proceeds will bolster sales initiatives and accelerate product development, addressing growing demand for secure identity solutions across various sectors.
- Secured $1 million in pre-commitments from an existing shareholder.
- Plans to strengthen sales and marketing initiatives using raised funds.
- Expanding product development to meet increasing demand for secure identity solutions.
- Regulation D offering is restricted to accredited and limited non-US investors, which may limit total funding.
- The Regulation CF offering price is yet to be determined and set higher than the Regulation D offering.
Trust Stamp announces the launch of a combined US
ATLANTA, GA / ACCESSWIRE / March 24, 2021 / The Company is considering undertaking an offering under Regulation Crowdfunding, but no Form C has been filed as of the date of this communication. Until such Form C is filed for the Regulation Crowdfunding offering: (1) no money or other consideration is being solicited, and if sent in response, will not be accepted; (2) no offer to buy the securities can be accepted, and no part of the purchase price can be received until the offering statement is filed and only through an intermediary's platform; and (3) a person's indication of interest involves no obligation or commitment of any kind.
Trust Stamp (Euronext Growth:AIID ID), a global provider of AI-powered identity services for use in multiple sectors, is pleased to announce the launch of a
The Regulation D (Reg D) offering is restricted to accredited investors and a limited number of non-US investors. A letter to shareholders will shortly be circulated setting out further details in relation to possible participation in the Reg D offering and will be available on the Company's website: Investors | Trust Stamp. The Company currently has
The participation by FSH Capital, a substantial shareholder in the Company, in the Reg D offering is deemed to be related party transaction pursuant to rule 5.18 of the Euronext Growth Dublin rules. The Directors, having consulted with the Company's Euronext Growth Adviser, confirms the terms of FSH Capital's participation to be fair and reasonable insofar as Shareholders are concerned.
The Regulation CF (Reg CF) offering is expected to be launched after the filing of the Company's FY2020 audited full-year results with the SEC and Euronext Dublin, expected on or around 30th April 2021, and will be offered with priority to existing investors. The Company's Board of Directors have determined a minimum Regulation CF offering price of
The proceeds raised will be used to further strengthen the Company's sales and marketing initiatives and to accelerate productisation of its intellectual property to meet commercial opportunities.
Gareth Genner, CEO and Co-Founder of Trust Stamp, commented: "There has been a massive growth in addressable need as a result of changing consumer expectations. The demand for secure identity solutions has accelerated with the rise in online banking, contactless payments, telemedicine, and more. Trust Stamp's core technology has the potential to address pressing cross-industry needs involving digital operations, and the growth capital sought in this round will enable us to further our market penetration."
Enquiries
Trust Stamp Tel: +356 27112981
Gareth Genner, Chief Executive Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth Advisor) Tel: +353 1 679 6363
Fergal Meegan / 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 organisations with 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 six countries across North America, Europe, and Asia and listed on Euronext Growth in Dublin, Trust Stamp was founded in 2016 by Gareth Genner and Andrew Gowasack. The company now employs over 60 people with flagship customers, including Mastercard International, Synchrony Financial, and FIS.
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/637248/T-Stamp-Inc-Announces-Regulation-D-Reg-D-offering
FAQ
What is the purpose of Trust Stamp's $5 million funding round?
When is Trust Stamp's Regulation CF offering expected to launch?
What is the share price for Trust Stamp's Regulation D offering?
Who is participating in Trust Stamp's Regulation D offering?
What sectors does Trust Stamp serve with its AI-powered identity services?
