Trust Stamp secured a 24-month loan worth $5.51 million, yielding net proceeds of $5 million and boosting its cash and receivables balance to over $7.6 million. The move addresses aggressive short-selling activity by reinforcing liquidity without issuing equity and leaves the company positioned to maintain operations.
Trust Stamp’s board approved a 24-month loan facility that provides gross proceeds of $5.51 million and net cash of $5 million. Combined with existing receivables of $2.6 million, the company’s cash and receivable balance now exceeds $7.6 million, ensuring coverage for operational needs.
CEO Gareth Genner cited aggressive short-selling as the catalyst for the financing, noting that traders mistakenly assumed an imminent equity raise. By opting for debt over stock issuance, the company aims to counteract downward pressure on its share price without diluting existing shareholders.
Genner expressed a positive outlook for ongoing AI-powered fraud prevention services and signaled confidence in business fundamentals. A comprehensive written update and conference call for shareholders is scheduled for July 17, 2026.
