T Stamp Inc Announces Trust Stamp Joins the OTCQX Best Market

Rhea-AI Summary

Trust Stamp has upgraded to the OTCQX Best Market from the Pink market, commencing trading under the ticker IDAI. This transition underscores Trust Stamp's commitment to enhancing visibility and shareholder value amidst growing market opportunities and demand from U.S. investors. According to CEO Gareth Genner, this move reflects Trust Stamp's dedication to transparent corporate governance and compliance with securities laws. B. Riley Securities will sponsor the company on OTCQX, marking a significant milestone for Trust Stamp in the global capital markets.

Positive

• Upgrade to OTCQX Best Market enhances visibility and credibility.
• Increased interest from U.S. shareholders demonstrates market confidence.
• B. Riley Securities acting as sponsor provides market-making support.

Negative

• None.

ATLANTA, GA / ACCESSWIRE / March 15, 2021 / Trust Stamp (Euronext Growth: AIID ID), a global provider of AI-powered identity services for use in multiple sectors, is pleased to today announce that Trust Stamp has qualified to trade on the OTCQX® Best Market having upgraded to OTCQX from the Pink® market. Trust Stamp will begin trading today under the OTCQX ticker code IDAI.

OTC Markets Group Inc. (OTCQX: OTCM), is a US based operator of financial markets for 11,000 U.S. and global securities. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Gareth Genner, CEO and Co-Founder of Trust Stamp commented: "Trust Stamp's mission, vision, and presence cross national boundaries. By joining OTCQX and establishing a transatlantic capital markets presence, we are evidencing our commitment to increasing Shareholder value by boosting visibility, building trust, and maintaining transparency, while actively participating in the global capital markets.

The timing of our decision to trade on the OTCQX Market is a result of our company's growth, our expanded market opportunities and the increased interest from US Shareholders over the last year. We look forward to enabling a broader range of investors to participate in our journey of growth."

B. Riley Securities, Inc. will act as the company's OTCQX sponsor and provide market making facilities in the stock.

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, Trust Stamp is listed on Euronext Growth in Dublin (Euronext Growth: AIID ID) and trades on the OTCQX Best Market (OTCQX: IDAI). 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.

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https://www.accesswire.com/635404/T-Stamp-Inc-Announces-Trust-Stamp-Joins-the-OTCQX-Best-Market

FAQ

What does Trust Stamp's upgrade to OTCQX mean for investors?

The upgrade to OTCQX indicates improved visibility and compliance, potentially attracting more investors.

When did Trust Stamp begin trading on the OTCQX?

Trust Stamp began trading on the OTCQX under the ticker IDAI on March 15, 2021.

What is the significance of the ticker IDAI?

The ticker IDAI represents Trust Stamp on the OTCQX Best Market, reflecting its upgraded status.

Who sponsors Trust Stamp on the OTCQX?

B. Riley Securities, Inc. sponsors Trust Stamp on the OTCQX.

What sectors does Trust Stamp operate in?

Trust Stamp operates in multiple sectors, including banking, finance, government, and humanitarian services.