Crowdfunded Company Trust Stamp to Ring Nasdaq Opening Bell

Trust Stamp, a company that raised capital using the Reg CF exemption, will ring the opening bell on Nasdaq today. Shares in Trust Stamp traded on the Nasdaq on January 31, 2022, under the ticker symbol IDAI.

Trust Stamp used the crowdfunding exemption, along with a Reg D offering for accredited investors, to raise growth capital in advance of publicly floating its shares. The company completed a funding round utilizing the assistance of the Dalmore Group, a FINRA regulated broker-dealer.

Gareth N. Genner, Trust Stamp CEO, issued the following statement this morning:

“We are honored to have been invited to ring the Nasdaq opening bell, as our listing on Nasdaq represents a major milestone for the company following a year of transformation. I would like to thank all of our employees, shareholders, and key stakeholders who have contributed to our success and made this event possible. Digital security is more important than ever as Identity fraud alone contributes to over one hundred billion dollars of annual losses. Our goal is to provide technologies that protect personal data, empower individuals and promote inclusion within the new digital landscape. We are more encouraged than ever by the outlook for the business and look forward to driving significant shareholder value in the years ahead.”

Trust Stamp is a Regtech that leverages AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.

Recent rule changes enacted by the Securities and Exchange Commission allow issuers to raise up to $5 million using the Reg CF exemption. Previously, the funding cap was pegged at $1.07 million limiting the viability of the exemption. By combining a Reg CF offering with a Reg D exemption, issuers may raise an unlimited amount of funds from both non-accredited and non-accredited investors in a private securities offering.

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