ATLANTA, GA / ACCESSWIRE / April 8, 2021 / T Stamp Inc., trading as Trust Stamp (OTCQX:IDAI, Euronext Growth: AIID ID), today announces it has filed an application to the NASDAQ Capital Market to up-list from the OTCQX Best Market.
The listing is expected to take place later in 2021 in conjunction with the Company conducting a public offering of up to $75,000,000 of common stock. The listing is subject to approval by NASDAQ and the company raising a minimum of $4,000,000 in the public offering.
Gareth N Genner, Chief Executive Officer of Trust Stamp said: 'We are committed to providing liquidity options for our shareholders in parallel to accessing the capital markets to fund organic and M&A growth. NASDAQ attracts some of the largest technology companies in the world and is the preeminent global market for innovative companies such as ours. I am delighted to share this exciting news with our shareholders, our team members, and our many partners'.
In conjunction with the NASDAQ filing, the company has:
- Adopted the OTCQX governance standards in replacement of the QCA Corporate Governance Code and committed to following the NASDAQ governance standards upon listing on NASDAQ.
- Restructured its board to comprise six of the existing board members, in line with the requirements of the OTCQX governance standards, with two additional independent non-executive directors to be appointed to meet NASDAQ governance standards. The continuing board members are:
David Story, Chair
Mark Birschbach, Independent Non-Executive Director
William McClintock, Independent Non-Executive Director
Gareth N Genner, CEO
Andrew Gowasack, President
Joshua Allen, Director
- Effective immediately, three non-executive directors, Sarah-Jill Lennard, Billy D'Arcy, and Jane Karwoski McCracken cease to serve on the Corporate Board and are transferring to the Advisory Board. Stacia Hylton has also ceased to serve on the Corporate Board.
Further details of the OTCQX governance standards and changes to the composition and terms of reference to Board committees will be published on the Company's website (Investors | Trust Stamp) shortly.
Trust Stamp Tel: +356 27112981
Gareth Genner, Chief Executive Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth Advisor) Tel: +353 1 679 6363
Fergal Meegan / Barry Murphy
Powerscourt (Financial Public Relations) Tel: +353 87 236 5973
Eavan Gannon Email: Truststamp@powerscourt-group.com
About Trust Stamp
Trust Stamp is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organisations with biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
Located in six countries across North America, Europe and Asia, Trust Stamp trades on the OTCQX Best Market (OTCQX: IDAI) and is listed on Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 60 people with flagship customers including Mastercard International and FIS.
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SOURCE: T Stamp Inc
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