T Stamp Inc. Special Meeting: Stockholder Vote on Key Proposals
Ticker: IDAI · Form: DEF 14A · Filed: Dec 26, 2024 · CIK: 1718939
Sentiment: neutral
Topics: proxy-statement, stock-increase, annual-meeting
TL;DR
T Stamp Inc. meeting Dec 26th - vote on directors, auditors, and a massive 5x stock increase. Big dilution potential.
AI Summary
T Stamp Inc. is holding a special meeting of stockholders on December 26, 2024, to vote on several proposals. Key proposals include the election of directors, ratification of the appointment of their independent registered public accounting firm, and approval of an amendment to the company's certificate of incorporation to increase the authorized number of shares of common stock from 100,000,000 to 500,000,000. The company is headquartered at 3017 Bolling Way NE, Atlanta, Georgia.
Why It Matters
Stockholders will vote on significant corporate actions, including increasing the number of authorized shares, which could impact future fundraising and stock dilution.
Risk Assessment
Risk Level: medium — The proposed increase in authorized shares from 100 million to 500 million could lead to significant dilution for existing shareholders if new shares are issued.
Key Numbers
- 500,000,000 — Authorized Shares (Proposed increase from 100,000,000 to facilitate future growth and financing.)
- December 26, 2024 — Meeting Date (Date for stockholders to vote on critical proposals.)
Key Players & Entities
- T Stamp Inc. (company) — Registrant
- December 26, 2024 (date) — Date of Special Meeting
- 3017 Bolling Way NE, Atlanta, Georgia (location) — Company Address
- 100,000,000 (dollar_amount) — Current authorized shares
- 500,000,000 (dollar_amount) — Proposed authorized shares
FAQ
What is the primary purpose of the special meeting of stockholders for T Stamp Inc.?
The primary purpose is for stockholders to vote on several proposals, including the election of directors, ratification of the independent registered public accounting firm, and approval of an amendment to increase the authorized shares of common stock.
What is the proposed change to T Stamp Inc.'s authorized common stock?
The company proposes to amend its certificate of incorporation to increase the authorized number of shares of common stock from 100,000,000 to 500,000,000.
When and where is the special meeting of stockholders being held?
The special meeting of stockholders is to be held on December 26, 2024, at T Stamp Inc.'s principal executive offices located at 3017 Bolling Way NE, Floor 2, Atlanta, Georgia.
Who is T Stamp Inc.'s independent registered public accounting firm?
The filing indicates that the company is seeking to ratify the appointment of its independent registered public accounting firm, but the name of the firm is not explicitly stated in this excerpt.
What is the filing date and period of report for this DEF 14A filing?
The filing date is December 26, 2024, and the conformed period of report is also December 26, 2024.
Filing Stats: 4,863 words · 19 min read · ~16 pages · Grade level 13.4 · Accepted 2024-12-26 12:44:36
Key Financial Figures
- $0.54 — A Common Stock at an exercise price of $0.54 per share of Class A Common Stock (the
- $0 — outstanding consists of our , par value $0.01, all of which is designated as Class
- $0.001 — A Common Stock at an exercise price of $0.001 per share and (ii) in a concurrent priv
- $0.539 — fering price per Pre-Funded Warrant was $0.539. The securities to be issued in the r
- $3.0 million — raising gross proceeds of approximately $3.0 million before deducting placement agent fees a
- $5,249,993 — itional gross proceeds of approximately $5,249,993. The Company's primary use of the net p
- $45,000 — s expenses in an aggregate amount up to $45,000. The Placement Agency Agreement conta
Filing Documents
- def14a-egmfeb2025.htm (DEF 14A) — 180KB
- screenshot2024-12x26at1204.jpg (GRAPHIC) — 294KB
- 0001718939-24-000229.txt ( ) — 586KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 14 Householding 14 Stockholder Proposals 15 Questions and Answers about the Special Meeting and Voting 15 Annual Report on Form 10-K and Other SEC Filings 16 Other Matters 16 Appendix A 3017 Bolling Way NE, Floor 2 Atlanta, Georgia, 30305 (404) 806-9906 PROXY STATEMENT QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND VOTING Why did I receive these proxy materials We are providing these proxy materials to you in connection with the solicitation by the Board of Directors (the " Board ") of T Stamp Inc., a Delaware corporation, of proxies to be voted at our Special Meeting of Stockholders (the " Special Meeting "). The Special Meeting will be held on Friday, February 7, 2025, at 800 a.m. Eastern Time, online at www.colonialstock.comIDAI2025. The Special Meeting will be a completely virtual meeting conducted via live audio webcast. You will be able to attend the Special Meeting online and submit your questions during the meeting by visiting www.colonialstock.comIDAI2025 and clicking on the "Virtual Meeting Instructions" link under the proxy materials to register for the meeting. You must enter the control number included in your Notice, on your proxy card or on the instructions that accompanied your proxy materials. If you lose the control number, you may call Colonial Stock Transfer at (877) 285-8605 for assistance in recovering your control number. Only stockholders with a valid control number will be able to vote and ask questions at the Special Meeting, as well as access the list of stockholders as of the close of business on the Record Date (as defined below). We expect to begin furnishing these proxy materials to stockholders on or about December 27, 2024. A form of the proxy card is attached as Appendix A to this proxy statement. When we use the term " Trust Stamp ," " Company ," " us ," " we ," or " our ," we mean T Stamp Inc. and its subsidiaries on a consolid