Monitor daily trading volumes and any 8-K filings disclosing actual sales under the ATM. The company has a history of dilutive offerings and negative stock performance following prior capital raises. Watch for any subsequent 10-Q or 10-K filings that reveal the number of shares sold and net proceeds received.
Price Chart
Executive Summary
T Stamp Inc. entered into an Equity Distribution Agreement with Maxim Group LLC to sell up to $5,323,474 of its common stock in an at-the-market offering. The filing coincides with a 424B5 prospectus supplement filed the same day, confirming the capital raise is being executed immediately. This ATM facility provides the company with ongoing access to equity capital but creates persistent dilution overhang for existing shareholders.
Key Facts
- Equity Distribution Agreement with Maxim Group LLC for up to $5,323,474 in common stock sales
- Maxim receives 3.0% commission on gross proceeds plus up to $40,000 in expenses and $3,000 quarterly legal fees
- Sales are at-the-market under Rule 415, with no minimum price or volume commitments
- Company is an emerging growth company with a public float of approximately $18.5 million
- Baby shelf limitations under General Instruction I.B.6 of Form S-3 apply, caving sales to one-third of public float per 12-month period
- 424B5 prospectus supplement filed same day confirms the offering is active and immediate
Financial Impact
Up to $5,323,474 in potential dilution from common stock sales, representing approximately 29% of the non-affiliate public float of $18.5 million
Risk Factors
- Persistent dilution overhang as shares can be sold into market at any time
- Small public float ($18.5M) means even modest ATM sales can materially impact stock price
- No minimum price floor on sales, allowing sales at any market price
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001718939-26-000060 |
| Exhibit: ex51crowdchecklegalopinion.htm | 0001718939-26-000060 |
| Document: idai-20261009.htm | 0001718939-26-000060 |
| Document: 0001718939-26-000060-index-headers.html | 0001718939-26-000060 |
| Document: 0001718939-26-000060-index.html | 0001718939-26-000060 |
| Document: 0001718939-26-000060.txt | 0001718939-26-000060 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $3.02 $2.92 | ▲ +3.48% | ▲ +3.47% | $2.38 (+21.19%) |
Oct 9, 2026 17d ago | 424B5 | $3.02 $2.92 | ▲ +3.48% | ▲ +3.47% | $2.38 (+21.19%) |
Aug 13, 2026 10w ago | Press Release | $2.49 $2.44 | ▲ +2.01% | ▲ +1.81% | $2.38 (+4.42%) |
Jul 23, 2026 13w ago | 8-K | $2.07 $1.90 | ▼ −8.21% | ▼ −8.31% | $2.38 (+14.98%) |
May 14, 2026 23w ago | 8-K | $2.14 $2.07 | ▲ +3.27% | ▲ +3.21% | $2.38 (−11.21%) |
Mar 31, 2026 29w ago | 8-K | $2.57 $2.45 | ▲ +4.63% | ▲ +4.71% | $2.38 (+7.39%) |
Mar 10, 2026 32w ago | Press Release | $2.51 $2.50 | ▼ −0.40% | ▼ −0.29% | $2.38 (−5.18%) |
Mar 5, 2026 33w ago | 8-K | $2.66 $2.60 | ▼ −2.26% | ▼ −3.10% | $2.38 (−10.53%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers