The NASDAQ-listed identity verification firm raises net proceeds of $5M via a 24-month debt facility to support operations.
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) closed a $5.51 million financing, delivering approximately $5 million in net cash proceeds. The company said the funds strengthen its liquidity position, increasing combined cash and receivables to over $7.6 million.
The financing consists of a 24-month loan repayable at any time, chosen over equity issuance due to the current share price. Trust Stamp cited recent short-selling activity as a catalyst for the transaction, with CEO Gareth Genner calling the pressure “opportunistic manipulation.”
Prior to the financing, the company reported cash on hand, receivables exceeding $2.6 million, and ongoing revenue receipts. A business update and shareholder call are scheduled for July 17, 2026.