Trust Stamp Previews Strategic Announcements
Trust Stamp announced key updates regarding its reverse stock split, effective January 6, 2025. The process began on September 20, 2024, with Nasdaq extending compliance time for the $1 closing bid rule on November 4. On November 18, 96% of shareholders approved the reverse split at the EGM. Despite a brief stock price surge to $1.20 on December 30, 2024, the price declined before the official split announcement on January 2, 2025.
The company's board determined the split ratio aiming to both ensure Nasdaq compliance and position the stock above 'penny stock' status to attract broader institutional investment. The company plans to release a 2025 positioning update before its January 29 AGM, where CEO Gareth N. Genner will detail partnerships and initiatives. Trust Stamp emphasizes its strategic position to address global challenges including quantum computing, deepfakes, cybersecurity breaches, and ransomware attacks.
Trust Stamp ha annunciato aggiornamenti chiave riguardanti il suo frazionamento azionario inverso, che entrer脿 in vigore il 6 gennaio 2025. Il processo 猫 iniziato il 20 settembre 2024, con Nasdaq che ha esteso il tempo di conformit脿 per la regola della chiusura del prezzo a $1 il 4 novembre. Il 18 novembre, il 96% degli azionisti ha approvato il frazionamento inverso durante l'EGM. Nonostante un breve aumento del prezzo delle azioni a $1,20 il 30 dicembre 2024, il prezzo 猫 diminuito prima dell'annuncio ufficiale del frazionamento il 2 gennaio 2025.
Il consiglio di amministrazione della societ脿 ha determinato il rapporto di frazionamento con l'obiettivo di garantire conformit脿 con Nasdaq e di posizionare l'azione sopra lo status di 'penny stock' per attrarre investimenti istituzionali pi霉 ampi. La societ脿 prevede di rilasciare un aggiornamento sulla posizione per il 2025 prima dell'AGM del 29 gennaio, durante la quale il CEO Gareth N. Genner dettaglier脿 le partnership e le iniziative. Trust Stamp sottolinea la propria posizione strategica per affrontare le sfide globali, inclusi il calcolo quantistico, i deepfake, le violazioni della cybersicurezza e gli attacchi ransomware.
Trust Stamp anunci贸 actualizaciones clave sobre su divisi贸n de acciones inversa, que ser谩 efectiva el 6 de enero de 2025. El proceso comenz贸 el 20 de septiembre de 2024, con Nasdaq extendiendo el tiempo de cumplimiento para la regla de oferta cerrada a $1 el 4 de noviembre. El 18 de noviembre, el 96% de los accionistas aprob贸 la divisi贸n inversa en la EGM. A pesar de un breve aumento en el precio de las acciones a $1.20 el 30 de diciembre de 2024, el precio disminuy贸 antes del anuncio oficial de divisi贸n el 2 de enero de 2025.
La junta de la empresa determin贸 la relaci贸n de divisi贸n con el fin de garantizar el cumplimiento de Nasdaq y posicionar la acci贸n por encima del estatus de 'penny stock' para atraer inversiones institucionales m谩s amplias. La empresa planea publicar una actualizaci贸n de posicionamiento para 2025 antes de su AGM del 29 de enero, donde el CEO Gareth N. Genner detallar谩 asociaciones e iniciativas. Trust Stamp enfatiza su posici贸n estrat茅gica para enfrentar desaf铆os globales, incluidos la computaci贸n cu谩ntica, los deepfakes, las violaciones de ciberseguridad y los ataques de ransomware.
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須岇偓鞚� 鞚挫偓須岆姅 雮橃姢雼� 欷�靾橂ゼ 氤挫灔頃橁碃 '韼滊媹 欤检嫕' 靸來儨毳� 齑堦臣頃橃棳 雿� 雱撿潃 旮瓣磤 韴瀽 鞙犾箻毳� 鞙勴暅 欤检嫕 攵勴暊 牍勳湪鞚� 瓴办爼頄堨姷雼堧嫟. 須岇偓電� 1鞗� 29鞚� AGM 鞚挫爠鞐� 2025雲� 韽靺旊嫕 鞐呺嵃鞚错姼毳� 氚滍憸頃� 瓿勴殟鞚措┌, 鞚� 鞛愲Μ鞐愳劀 CEO 臧�霠� N. 鞝滊剤臧� 韺岉姼雱堨嫮 氚� 鞚措媹靺旐嫲敫岆ゼ 鞛愳劯頌� 靹る獏頃� 瓴冹瀰雼堧嫟. 韸鸽煬鞀ろ姼 鞀ろ儸頂勲姅 鞏戩瀽 旎错摠韺�, 霐ロ帢鞚错伂, 靷澊氩� 氤挫晥 鞙勲皹 氚� 霝滌劕鞗柎 瓿店博 霌� 旮�搿滊矊 氍胳牅毳� 頃搓舶頃橁赴 鞙勴暅 鞝勲灥鞝� 鞛呾毳� 臧曥“頄堨姷雼堧嫟.
Trust Stamp a annonc茅 des mises 脿 jour cl茅s concernant son fractionnement d'actions invers茅, qui prendra effet le 6 janvier 2025. Le processus a commenc茅 le 20 septembre 2024, avec le Nasdaq qui a prolong茅 le d茅lai de conformit茅 pour la r猫gle du prix de cl么ture de $1 le 4 novembre. Le 18 novembre, 96% des actionnaires ont approuv茅 le fractionnement invers茅 lors de l'EGM. Malgr茅 une br猫ve augmentation du prix des actions 脿 $1,20 le 30 d茅cembre 2024, le prix a diminu茅 avant l'annonce officielle du fractionnement le 2 janvier 2025.
Le conseil d'administration de l'entreprise a d茅termin茅 le ratio de fractionnement afin d'assurer la conformit茅 avec le Nasdaq et de positionner l'action au-dessus du statut de 'penny stock' pour attirer des investissements institutionnels plus larges. L'entreprise pr茅voit de publier une mise 脿 jour sur la position pour 2025 avant son assembl茅e g茅n茅rale annuelle du 29 janvier, au cours de laquelle le PDG Gareth N. Genner d茅taillera les partenariats et les initiatives. Trust Stamp souligne sa position strat茅gique pour relever les d茅fis mondiaux, y compris l'informatique quantique, les deepfakes, les violations de la cybers茅curit茅 et les attaques par ransomware.
Trust Stamp gab wichtige Updates zu seinem Reverse Stock Split bekannt, der am 6. Januar 2025 wirksam wird. Der Prozess begann am 20. September 2024, wobei Nasdaq die Frist f眉r die Einhaltung der $1 Schlussgebot-Regel am 4. November verl盲ngerte. Am 18. November stimmten 96% der Aktion盲re auf der EGM f眉r den R眉cksplit. Trotz eines kurzen Anstiegs des Aktienkurses auf $1,20 am 30. Dezember 2024 fiel der Preis vor der offiziellen Ank眉ndigung des Splits am 2. Januar 2025.
Der Vorstand des Unternehmens legte das Splitsatzverh盲ltnis fest, um die Einhaltung von Nasdaq sicherzustellen und die Aktie 眉ber den Status eines 'Penny Stocks' zu positionieren, um breitere institutionelle Investitionen anzuziehen. Das Unternehmen plant, vor seiner Hauptversammlung am 29. Januar 2025 ein Update zur Positionierung f眉r 2025 zu ver枚ffentlichen, bei dem CEO Gareth N. Genner Partnerschaften und Initiativen erl盲utern wird. Trust Stamp betont seine strategische Position, um globale Herausforderungen wie Quantencomputing, Deepfakes, Cyber-Sicherheitsverletzungen und Ransomware-Angriffe anzugehen.
- 96% shareholder approval for reverse split
- Strategic positioning to attract institutional investors
- Nasdaq granted extension for $1 bid price compliance
- Stock price volatility with inability to maintain $1+ level
- Necessity for reverse split to maintain Nasdaq listing
- Recent stock price decline after reaching $1.20
Atlanta, GA, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gareth N. Genner, CEO of Trust Stamp, announced, 鈥淎s our shareholders and observers know, our reverse split will be effective for trading on January 6, 2025. The reverse split process was formally started on September 20, 2024, with notice to Nasdaq. On November 4, 2024, Nasdaq officially extended our time to comply with the
On November 18, 2024,
As such, the required notice to Nasdaq for the split was submitted on December 27, 2024. Coincidentally, this was the 1st day of the rapid three-day increase in stock price, which led to the stock closing at
I have received messages and calls frustrated that the reverse split announcement stalled the stock price momentum.聽 The regrettable fact is that the price peaked on December 30, 2024, and declined each day thereafter, although the reverse split announcement was not made until January 2, 2025.
As I mentioned in the press release on January 2, 2025, our board of directors decided upon the split ratio not only to ensure Nasdaq compliance but also in the hope of resetting the stock price at a level that would not be defined as a 鈥減enny stock鈥� and would potentially be eligible for investment by a broader range of family offices and investment institutions. I firmly believe that the decision is in the long-term interests of the Company鈥檚 shareholders.
Ahead of our AGM scheduled for January 29, 2025, we will release an update explaining the work already done to position the Company for 2025.聽 At our AGM, I will detail the partnerships and initiatives in place and progress for 2025. We believe the Company has tremendous opportunities as the global market grapples with the impact of quantum computing, deepfakes, cybersecurity breaches, ransomware attacks, national security considerations, and other challenges that Trust Stamp is positioned to address. I encourage all of our shareholders to attend the AGM and learn about our plans for the year ahead.鈥�
About Trust Stamp
Trust Stamp, the Privacy-First Identity Company 鈩�, is a global provider of AI-powered software and data transformation services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Trust Stamp is located across North America, Europe, Asia, and Africa and trades on the Nasdaq Capital Market (Nasdaq: IDAI).
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Safe Harbor Statement: Caution Concerning Forward-Looking Remarks
All statements in this release that are not based on historical fact are 鈥渇orward-looking statements,鈥� including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management鈥檚 current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company鈥檚 actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
FAQ
When will Trust Stamp's (IDAI) reverse stock split become effective?
What percentage of Trust Stamp (IDAI) shareholders approved the reverse split?
What is the highest stock price IDAI reached before the reverse split announcement?
When is Trust Stamp's (IDAI) 2025 Annual General Meeting scheduled?
What was Nasdaq's decision regarding IDAI's $1 closing bid compliance?
