Trust Stamp Announces Reverse Stock Split Effective January 6, 2025
Trust Stamp (IDAI) has announced a 1-for-15 reverse stock split effective January 6, 2025. The split, approved by both Board of Directors and shareholders, will convert every 15 outstanding shares into one share of Common Stock. The authorized shares count and par value will remain unchanged, with fractional shares being rounded up.
CEO Gareth N. Genner stated the primary goal is achieving compliance with Nasdaq Rule 5550(a)(2). He also indicated that the company has been repositioned for 2025 with new strategic partnerships, revenue streams, and cost reductions. The company believes the higher post-split share price will attract more institutional investors and family offices, with plans to expand their shareholder base by showcasing their technology and growth prospects.
Trust Stamp (IDAI) ha annunciato uno spacchettamento azionario inverso 1-per-15 che entrerà in vigore il 6 gennaio 2025. Lo spacchettamento, approvato sia dal Consiglio di Amministrazione che dagli azionisti, convertirà ogni 15 azioni in circolazione in un'azione di Common Stock. Il numero totale di azioni autorizzate e il valore nominale rimarranno invariati, con le frazioni di azione arrotondate per eccesso.
Il CEO Gareth N. Genner ha dichiarato che l'obiettivo principale è raggiungere la conformità con Nasdaq Rule 5550(a)(2). Ha anche indicato che l'azienda è stata riposizionata per il 2025 con nuove partnership strategiche, flussi di entrate e riduzioni dei costi. L'azienda crede che un prezzo delle azioni più elevato dopo lo spacchettamento attrarrà più investitori istituzionali e family office, con piani di espandere la propria base di azionisti mostrando la propria tecnologia e le prospettive di crescita.
Trust Stamp (IDAI) ha anunciado un split inverso de acciones 1 por 15 que entrará en vigencia el 6 de enero de 2025. La división, aprobada tanto por la Junta Directiva como por los accionistas, convertirá cada 15 acciones en circulación en una acción de Common Stock. La cantidad de acciones autorizadas y el valor nominal permanecerán sin cambios, con las acciones fraccionarias redondeadas al alza.
El CEO Gareth N. Genner declaró que el objetivo principal es lograr el cumplimiento de la Regla 5550(a)(2) de Nasdaq. También indicó que la empresa ha sido reposicionada para 2025 con nuevas asociaciones estratégicas, fuentes de ingresos y reducciones de costos. La compañía cree que un precio de acción más alto después de la división atraerá a más inversores institucionales y oficinas familiares, con planes de expandir su base de accionistas al mostrar su tecnología y perspectivas de crecimiento.
Trust Stamp (IDAI)는 2025년 1월 6일 발효되는 15대 1 주식 병합을 발표했습니다. 이 분할은 이사회와 주주 모두의 승인을 받았으며, 현재 발행된 15주를 1주의 보통주로 전환합니다. 승인된 주식 수와 액면가는 변경되지 않으며, 분할주식은 올림 처리됩니다.
CEO Gareth N. Genner는 주된 목표가 Nasdaq 규칙 5550(a)(2) 준수를 달성하는 것이라고 밝혔습니다. 그는 또한 회사가 2025년을 위해 새로운 전략적 파트너십, 수익원 및 비용 절감을 통해 재편성되었다고 언급했습니다. 회사는 분할 후 높은 주가가 더 많은 기관 투자자와 가족 사무소를 유치할 것이라고 믿고 있으며, 기술과 성장 전망을 보여 줌으로써 주주 기반을 확장할 계획입니다.
Trust Stamp (IDAI) a annoncé un regroupement d'actions inversé 1 pour 15 qui entrera en vigueur le 6 janvier 2025. Le regroupement, approuvé à la fois par le conseil d'administration et les actionnaires, convertira chaque 15 actions en circulation en une action de Common Stock. Le nombre d'actions autorisées et la valeur nominale resteront inchangés, les actions fractionnaires étant arrondies à l'unité supérieure.
Le CEO Gareth N. Genner a déclaré que l'objectif principal est d'atteindre la conformité avec la règle 5550(a)(2) de Nasdaq. Il a également indiqué que l'entreprise a été repositionnée pour 2025 avec de nouveaux partenariats stratégiques, des sources de revenus et des réductions de coûts. L'entreprise pense qu'un prix d'action plus élevé après le regroupement attirera davantage d'investisseurs institutionnels et de bureaux familiaux, avec des projets d'élargir leur base d'actionnaires en présentant leur technologie et leurs perspectives de croissance.
Trust Stamp (IDAI) hat einen 1-für-15-Aktiensplit angekündigt, der am 6. Januar 2025 wirksam wird. Der Split, der sowohl vom Vorstand als auch von den Aktionären genehmigt wurde, wird jede 15 ausgegebene Aktie in eine Aktie des Stammkapitals umwandeln. Die Anzahl der genehmigten Aktien und der Nennwert bleiben unverändert, wobei Bruchaktien aufgerundet werden.
CEO Gareth N. Genner erklärte, dass das Hauptziel darin besteht, die Einhaltung der Nasdaq-Regel 5550(a)(2) zu erreichen. Er wies auch darauf hin, dass das Unternehmen für 2025 mit neuen strategischen Partnerschaften, Einnahmequellen und Kostenreduzierungen neu positioniert wurde. Das Unternehmen glaubt, dass der höhere Aktienkurs nach dem Split mehr institutionelle Investoren und Family Offices anziehen wird, und plant, die Aktionärsbasis zu erweitern, indem es seine Technologie und Wachstumsperspektiven präsentiert.
- New strategic partnerships secured for 2025
- New revenue streams established
- Cost reduction measures implemented
- Potential to attract institutional investors
- Implementation of reverse stock split indicates share price weakness
- Risk of Nasdaq delisting necessitating the reverse split
- Dilutive effect on existing shareholders
Insights
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.
The reverse stock split was approved by the Company’s Board of Directors and shareholders and will be implemented at a ratio of 1-for-15. Following the split, every 15 issued and outstanding shares of Common Stock will be converted into one share of Common Stock. The number of authorized shares of Common Stock and the par value of each share of Common Stock will remain unchanged. No fractional shares will be issued as a result of the reverse stock split, and any fractional shares that would otherwise have resulted from the reverse stock split will be rounded up.
Gareth N. Genner, CEO of the Company, observed, “The primary purpose of this reverse split is to bring the Company into compliance with Nasdaq Rule 5550(a)(2), but it also has a broader significance. As I will communicate later this month during our annual meeting on January 29, we have repositioned the company for 2025 with new strategic partnerships, new sources of income, and reduced expenses. We believe the reverse split brings our share price to a level where we will be eligible for investment by a greater number of family offices and institutions, and we will seek to significantly grow our shareholder base by reaching out to those investors to introduce them to our unique technology, and exciting growth opportunities.”
About Trust Stamp
Trust Stamp, the Privacy-First Identity Company ™, is a global provider of AI-powered software and data transformation services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Trust Stamp is located across North America, Europe, Asia, and Africa and trades on the Nasdaq Capital Market (Nasdaq: IDAI).
Enquiries
Trust Stamp Email: Shareholders@truststamp.ai
Safe Harbor Statement: Caution Concerning Forward-Looking Remarks
All statements in this release that are not based on historical fact are “forward-looking statements,” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement 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 from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
FAQ
What is the ratio of Trust Stamp's (IDAI) reverse stock split announced for January 2025?
Why is Trust Stamp (IDAI) implementing a reverse stock split in January 2025?
How will fractional shares be handled in Trust Stamp's (IDAI) January 2025 reverse split?
What changes has Trust Stamp (IDAI) announced for 2025 alongside the reverse split?
When will Trust Stamp's (IDAI) reverse stock split take effect?
