Business Context and Reporting Period
This Form 8-K is a current report filed by T Stamp Inc. (Nasdaq: IDAI) on April 6, 2023, with the report date finalized on April 11, 2023. The filing addresses regulatory compliance status with The Nasdaq Stock Market and a recent corporate achievement.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only financial metric disclosed is the stock price performance required for listing compliance.
- Stock Price Compliance: The closing bid price of Class A Common Stock was at or above $1.00 per share for the last ten consecutive business days ending April 6, 2023.
Material Changes
The primary material change reported is the resolution of a prior listing deficiency.
- Regulatory Status: The Company previously received notice on November 15, 2022, of non-compliance with Nasdaq Listing Rule 5550(a)(2) due to a closing bid price below $1.00 for 30 consecutive business days.
- Resolution: As of April 6, 2023, the Company regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed.
Outlook, Management Commentary, and Risks
Management highlighted a significant ranking achievement in a press release issued on April 11, 2023.
- Corporate Achievement: T Stamp Inc. was ranked #179 in the United States by the Financial Times in its "The Americas Fastest Growing Companies" Report for 2023.
- Risks and Contingencies: No new risks or contingencies were disclosed in this filing. The filing notes that the press release is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the current trading status of Class A Common Stock (IDAI) on The Nasdaq Capital Market to confirm continued compliance.
- Review the full text of the press release (Exhibit 99.1) for details regarding the Financial Times ranking methodology.
- Check subsequent filings for any new notices regarding stock price compliance or other listing requirements.