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Atlanta, GA, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Trust Stamp (OTCQX: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered, privacy-first trust and identity services used across multiple sectors, has received approval from Nasdaq to have its Class A Common stock listed on the Nasdaq Capital Market under the symbol “IDAI” with trading expected to commence on January 31, 2022. Prior to listing on Nasdaq, the Company's shares continue to trade on the OTCQX® Best Market under the same ticker symbol.
The company also reports it has filed its Form 8-A (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) and has received SEC qualification of its Form 1-A (the “Offering Statement”) for the Regulation A offering in which existing investors have the ability to exercise warrants.
The uplisting continues Trust Stamp’s momentum in 2021 which included an initial contract award of $3.92M from the United States Department of Homeland Security, increased R&D, productization and business development resources to meet growing demand across new geographies and verticals, and establishing subsidiaries in Rwanda and the Isle of Man.
Trust Stamp CEO Gareth N. Genner comments, “Trust Stamp has raised over $30M in capital, welcomed over 3,500 shareholders, and scaled to over 100 passionate team members in nine countries. We appreciate the tremendous support of our shareholders, customers, and partners, which has enabled us to achieve this incredible milestone of listing on Nasdaq, the pre-eminent capital market for innovative technology companies.
We are committed to building significant long-term shareholder-value as we execute on our mission of delivering accessible, privacy-first identity and trust verification solutions that promote global societal and financial inclusion.”
Trust Stamp and its subsidiaries deliver unparalleled security and privacy among biometric and digital identity solutions, taking a unique approach to data tokenization with proven cross-industry applications. The Company’s core technology leverages deep neural networks in a patented process that turns any biometric or other sensitive data into unique, anonymized representations known as the Irreversibly Transformed Identity Tokens (IT2) that are safely stored, shared, and utilized as accurate identifiers across use cases of any scale.
“Trust Stamp’s competitive advantage versus the legacy biometrics industry continues to garner commercial support across government and enterprise security and fraud prevention, data protection and privacy, and financial accessibility applications, which is reflected in our sustained year-over-year growth despite exceptional market conditions. We look forward to further strengthening our position as a trusted leader in the identity space with the increased visibility and reputation that a Nasdaq listing affords,” says Trust Stamp President Andrew Gowasack