Trust Stamp announces closing of $5.5M financing

Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) announced connected Thursday that it has closed a $5.51 cardinal financing, which the institution said strengthens its liquidity presumption and provides backing for ongoing operations.

According to the company, the financing consists of a 24-month indebtedness that tin beryllium repaid astatine immoderate time. Trust Stamp said the transaction provides astir $5 cardinal successful nett currency proceeds immediately, expanding its combined currency connected manus and receivables equilibrium to much than $7.6 million.

Trust Stamp CEO Gareth Genner said the financing was undertaken successful effect to what the institution believes has been caller short-selling enactment that has pressured its stock price.

Genner stated that immoderate marketplace participants whitethorn person assumed the institution required an contiguous equity financing and that a diminution successful the banal terms could impact its quality to rise capital.

He said Trust Stamp had currency connected hand, receivables exceeding $2.6 million, and ongoing gross receipts earlier entering into the financing.

The institution said it chose indebtedness financing alternatively than issuing equity due to the fact that of its existent stock price.

"I respect the outlook for the Company arsenic precise affirmative and the abbreviated selling arsenic opportunistic manipulation versus an informed position connected the institution and our business," Genner said.

Genner volition besides supply a written concern update and big a league telephone for shareholders connected July 17, 2026.