IDAI discloses $6.196M ATM sales; shares averaged ~$3.55
Rhea-AI Filing Summary
T Stamp Inc. (IDAI) reported cash proceeds from equity sales. The company raised approximately $6.196 million from the sale of common stock through an “at‑the‑market” offering under its Form S‑3, conducted pursuant to an Equity Distribution Agreement with Maxim Group LLC. Shares were sold at a volume‑weighted average price of about $3.55 per share, based on sales executed between July 8, 2025 and October 9, 2025.
The program permits issuance and sale of up to $6,196,000 of common stock through or to Maxim, acting as agent or principal. Shares outstanding were 4,208,833 Class A common shares as of the date of this report.
Positive
- None.
Negative
- None.
Insights
Neutral: routine ATM usage adds cash without fixed pricing.
T Stamp disclosed raising $6.196 million via an at‑the‑market program under a Form S‑3, selling shares at a volume‑weighted average price of about $3.55 per share. ATMs allow issuers to sell into the market incrementally, aligning issuance with trading conditions.
The filing lists Maxim Group LLC as agent/principal under the Equity Distribution Agreement dated February 25, 2025. Actual share issuance matches market demand and pricing; activity depends on trading volume and issuer decisions.
The company reports 4,208,833 shares outstanding as of the report date. The disclosed cash inflow is clear; future use of the ATM, if any, would depend on subsequent decisions and market conditions.
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