Trust Stamp Previews Strategic Announcements
Trust Stamp announced key updates regarding its reverse stock split, effective January 6, 2025. The process began on September 20, 2024, with Nasdaq extending compliance time for the $1 closing bid rule on November 4. On November 18, 96% of shareholders approved the reverse split at the EGM. Despite a brief stock price surge to $1.20 on December 30, 2024, the price declined before the official split announcement on January 2, 2025.
The company's board determined the split ratio aiming to both ensure Nasdaq compliance and position the stock above 'penny stock' status to attract broader institutional investment. The company plans to release a 2025 positioning update before its January 29 AGM, where CEO Gareth N. Genner will detail partnerships and initiatives. Trust Stamp emphasizes its strategic position to address global challenges including quantum computing, deepfakes, cybersecurity breaches, and ransomware attacks.
Trust Stamp ha annunciato aggiornamenti chiave riguardanti il suo frazionamento azionario inverso, che entrerà in vigore il 6 gennaio 2025. Il processo è iniziato il 20 settembre 2024, con Nasdaq che ha esteso il tempo di conformità per la regola della chiusura del prezzo a $1 il 4 novembre. Il 18 novembre, il 96% degli azionisti ha approvato il frazionamento inverso durante l'EGM. Nonostante un breve aumento del prezzo delle azioni a $1,20 il 30 dicembre 2024, il prezzo è diminuito prima dell'annuncio ufficiale del frazionamento il 2 gennaio 2025.
Il consiglio di amministrazione della società ha determinato il rapporto di frazionamento con l'obiettivo di garantire conformità con Nasdaq e di posizionare l'azione sopra lo status di 'penny stock' per attrarre investimenti istituzionali più ampi. La società prevede di rilasciare un aggiornamento sulla posizione per il 2025 prima dell'AGM del 29 gennaio, durante la quale il CEO Gareth N. Genner dettaglierà le partnership e le iniziative. Trust Stamp sottolinea la propria posizione strategica per affrontare le sfide globali, inclusi il calcolo quantistico, i deepfake, le violazioni della cybersicurezza e gli attacchi ransomware.
Trust Stamp anunció actualizaciones clave sobre su división de acciones inversa, que será efectiva el 6 de enero de 2025. El proceso comenzó el 20 de septiembre de 2024, con Nasdaq extendiendo el tiempo de cumplimiento para la regla de oferta cerrada a $1 el 4 de noviembre. El 18 de noviembre, el 96% de los accionistas aprobó la división inversa en la EGM. A pesar de un breve aumento en el precio de las acciones a $1.20 el 30 de diciembre de 2024, el precio disminuyó antes del anuncio oficial de división el 2 de enero de 2025.
La junta de la empresa determinó la relación de división con el fin de garantizar el cumplimiento de Nasdaq y posicionar la acción por encima del estatus de 'penny stock' para atraer inversiones institucionales más amplias. La empresa planea publicar una actualización de posicionamiento para 2025 antes de su AGM del 29 de enero, donde el CEO Gareth N. Genner detallará asociaciones e iniciativas. Trust Stamp enfatiza su posición estratégica para enfrentar desafíos globales, incluidos la computación cuántica, los deepfakes, las violaciones de ciberseguridad y los ataques de ransomware.
트러스트 스탬프는 2025년 1월 6일에 시행될 역주식 분할에 대한 주요 업데이트를 발표했습니다. 이 과정은 2024년 9월 20일에 시작되어, 11월 4일에 나스닥이 $1 종가 규칙에 대한 준수 시간을 연장했습니다. 11월 18일, 주주들의 96%가 EGM에서 역주식 분할을 승인했습니다. 2024년 12월 30일에 주가가 $1.20로 급등했으나, 2025년 1월 2일 공식 분할 발표 전에 가격이 하락했습니다.
회사의 이사회는 나스닥 준수를 보장하고 '펜니 주식' 상태를 초과하여 더 넓은 기관 투자 유치를 위한 주식 분할 비율을 결정했습니다. 회사는 1월 29일 AGM 이전에 2025년 포지셔닝 업데이트를 발표할 계획이며, 이 자리에서 CEO 가렛 N. 제너가 파트너십 및 이니셔티브를 자세히 설명할 것입니다. 트러스트 스탬프는 양자 컴퓨팅, 딥페이크, 사이버 보안 위반 및 랜섬웨어 공격 등 글로벌 문제를 해결하기 위한 전략적 입지를 강조했습니다.
Trust Stamp a annoncé des mises à jour clés concernant son fractionnement d'actions inversé, qui prendra effet le 6 janvier 2025. Le processus a commencé le 20 septembre 2024, avec le Nasdaq qui a prolongé le délai de conformité pour la règle du prix de clôture de $1 le 4 novembre. Le 18 novembre, 96% des actionnaires ont approuvé le fractionnement inversé lors de l'EGM. Malgré une brève augmentation du prix des actions à $1,20 le 30 décembre 2024, le prix a diminué avant l'annonce officielle du fractionnement le 2 janvier 2025.
Le conseil d'administration de l'entreprise a déterminé le ratio de fractionnement afin d'assurer la conformité avec le Nasdaq et de positionner l'action au-dessus du statut de 'penny stock' pour attirer des investissements institutionnels plus larges. L'entreprise prévoit de publier une mise à jour sur la position pour 2025 avant son assemblée générale annuelle du 29 janvier, au cours de laquelle le PDG Gareth N. Genner détaillera les partenariats et les initiatives. Trust Stamp souligne sa position stratégique pour relever les défis mondiaux, y compris l'informatique quantique, les deepfakes, les violations de la cybersécurité et les attaques par ransomware.
Trust Stamp gab wichtige Updates zu seinem Reverse Stock Split bekannt, der am 6. Januar 2025 wirksam wird. Der Prozess begann am 20. September 2024, wobei Nasdaq die Frist für die Einhaltung der $1 Schlussgebot-Regel am 4. November verlängerte. Am 18. November stimmten 96% der Aktionäre auf der EGM für den Rücksplit. Trotz eines kurzen Anstiegs des Aktienkurses auf $1,20 am 30. Dezember 2024 fiel der Preis vor der offiziellen Ankündigung des Splits am 2. Januar 2025.
Der Vorstand des Unternehmens legte das Splitsatzverhältnis fest, um die Einhaltung von Nasdaq sicherzustellen und die Aktie über den Status eines 'Penny Stocks' zu positionieren, um breitere institutionelle Investitionen anzuziehen. Das Unternehmen plant, vor seiner Hauptversammlung am 29. Januar 2025 ein Update zur Positionierung für 2025 zu veröffentlichen, bei dem CEO Gareth N. Genner Partnerschaften und Initiativen erläutern wird. Trust Stamp betont seine strategische Position, um globale Herausforderungen wie Quantencomputing, Deepfakes, Cyber-Sicherheitsverletzungen und Ransomware-Angriffe anzugehen.
- 96% shareholder approval for reverse split
- Strategic positioning to attract institutional investors
- Nasdaq granted extension for $1 bid price compliance
- Stock price volatility with inability to maintain $1+ level
- Necessity for reverse split to maintain Nasdaq listing
- Recent stock price decline after reaching $1.20
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
On November 18, 2024,
As such, the required notice to Nasdaq for the split was submitted on December 27, 2024. Coincidentally, this was the 1st day of the rapid three-day increase in stock price, which led to the stock closing at
I have received messages and calls frustrated that the reverse split announcement stalled the stock price momentum. The regrettable fact is that the price peaked on December 30, 2024, and declined each day thereafter, although the reverse split announcement was not made until January 2, 2025.
As I mentioned in the press release on January 2, 2025, our board of directors decided upon the split ratio not only to ensure Nasdaq compliance but also in the hope of resetting the stock price at a level that would not be defined as a “penny stock” and would potentially be eligible for investment by a broader range of family offices and investment institutions. I firmly believe that the decision is in the long-term interests of the Company’s shareholders.
Ahead of our AGM scheduled for January 29, 2025, we will release an update explaining the work already done to position the Company for 2025. At our AGM, I will detail the partnerships and initiatives in place and progress for 2025. We believe the Company has tremendous opportunities as the global market grapples with the impact of quantum computing, deepfakes, cybersecurity breaches, ransomware attacks, national security considerations, and other challenges that Trust Stamp is positioned to address. I encourage all of our shareholders to attend the AGM and learn about our plans for the year ahead.”
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
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