Monitor the pace of ATM sales volume and any subsequent 8-K revealing Streeterville prepayment or any further debt restructuring or restructuring (2.05) or restructuring (2.05) within 14 days—the Streeterville note's mandatory prepayment clause means every ATM sale directly reduces debt, but the total overhang remains large relative to market cap.
Price Chart
Executive Summary
T Stamp Inc. filed a 424B5 prospectus supplement for an at-the-market (ATM) equity distribution agreement with Maxim Group LLC, allowing the sale of up to $5,323,474 in common stock. The net proceeds, estimated at ~$5.1 million, will be used for mandatory debt prepayment to Streeterville Capital (50% of proceeds) and general corporate purposes. This ATM offering represents ~28% dilution to the existing share base and is a routine capital-raising mechanism for a company with a going-concern warning and ongoing cash needs.
Key Facts
- ATM offering up to $5,323,474 in common stock via Maxim Group LLC
- Net proceeds ~$5.1 million after 3% agent commission and ~$210k expenses
- Mandatory 50% of proceeds must prepay Streeterville Capital LLC promissory note
- Immediate dilution of $2.32 per share vs $0.10 net tangible book value
- 5,684,927 shares outstanding before offering; 7,255,273 after full sale
- Company has a going-concern warning in audited financial statements
- Stock closed at $3.39 per share on October 8, 2026
- 3,550,171 warrants outstanding exercisable for additional dilution
Financial Impact
Up to $5.32M gross proceeds; net ~$5.11M after fees; 50% mandatory prepayment to Streeterville Capital; remaining ~$2.56M for working capital
Risk Factors
- Continued dilution from ATM sales and 3.55M warrants overhang
- Going-concern risk per auditor report
- Thinly traded stock with high volatility and potential Nasdaq delisting risk
- Streeterville note has 22% default interest rate and 7% exit fee after Dec 2026
- Revenue concentration on one S&P 500 bank contract
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001104659-26-115068 |
| Document: 0001104659-26-115068-index-headers.html | 0001104659-26-115068 |
| Document: 0001104659-26-115068-index.html | 0001104659-26-115068 |
| Document: 0001104659-26-115068.txt | 0001104659-26-115068 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $2.78 | awaiting T+1 | — | $2.41 (−13.31%) |
Oct 9, 2026 17d ago | 8-K | $3.02 $2.92 | ▲ +3.48% | ▲ +3.47% | $2.41 (+20.20%) |
Oct 9, 2026 17d ago | 424B5 | $3.02 $2.92 | ▲ +3.48% | ▲ +3.47% | $2.41 (+20.20%) |
Aug 13, 2026 10w ago | Press Release | $2.49 $2.44 | ▲ +2.01% | ▲ +1.81% | $2.41 (+3.21%) |
Jul 23, 2026 13w ago | 8-K | $2.07 $1.90 | ▼ −8.21% | ▼ −8.31% | $2.41 (+16.43%) |
May 14, 2026 23w ago | 8-K | $2.14 $2.07 | ▲ +3.27% | ▲ +3.21% | $2.41 (−12.62%) |
Mar 31, 2026 29w ago | 8-K | $2.57 $2.45 | ▲ +4.63% | ▲ +4.71% | $2.41 (+6.23%) |
Mar 10, 2026 33w ago | Press Release | $2.51 $2.50 | ▼ −0.40% | ▼ −0.29% | $2.41 (−3.98%) |
Mar 5, 2026 33w ago | 8-K | $2.66 $2.60 | ▼ −2.26% | ▼ −3.10% | $2.41 (−9.40%) |
US Market Status
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