T Stamp enters equity distribution deal with Maxim for up to $5.32 million ATM offering
IDAI•T Stamp entered an agreement with Maxim Group for an at-the-market offering of up to $5,323,474 in common stock. Maxim will earn a 3% commission on gross proceeds.
1. Offering terms
The shares may be sold from time to time under an effective Form S-3 shelf, with Maxim acting as sales agent or principal. T Stamp may reimburse specified expenses of up to $40,000, including up to $3,000 quarterly for counsel fees; either party can terminate the agreement with 15 days’ written notice.
