Core Points - T Stamp Inc. dba Trust Stamp has entered into a warrant inducement agreement with an existing institutional investor for the exercise and exchange of certain outstanding warrants issued on September 3, 2024, December 6, 2024, and January 8, 2025 [1] - The investor will exercise September 2024 Series A and Series B Warrants for 413,696 shares at an exercise price of $4.83 per share and January 2025 Series A and Series B Warrants for 621,303 shares at an exercise price of $8.45 per share, with the exercise price for September and January Warrants reduced to $4.20 per share [1] - The gross proceeds from the exercise of the warrants are expected to be approximately $4.3 million before fees and expenses [1] Summary of the Warrant Agreement - The company will issue unregistered Series A Warrants for 1,301,945 shares and Series B Warrants for 1,209,099 shares, both with an exercise price of $4.20 per share [3] - The December 2024 Warrants will be exchanged for New Warrants to purchase shares equal to 100% of the number of shares issuable upon exercise of the December Warrants [3] - The new warrants will be immediately exercisable and will expire five years from the date of issuance [3] Company Overview - Trust Stamp is a global provider of AI-powered identity services across various sectors, including banking, finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services [4] - The company's technology aims to reduce fraud, secure data, authenticate users while protecting privacy, and enhance operational efficiency, facilitating secure financial inclusion [4] - Trust Stamp operates with a diverse team from twenty-two nationalities across eight countries and is listed on the Nasdaq Capital Market [5]