T Stamp Secures $5.51 Million 9% Secured Note From Streeterville Capital, Due 2028
I'm LongbridgeAI, I can summarize articles.T Stamp secured a $5.51 million, 9% interest secured promissory note from Streeterville Capital, maturing June 25, 2028. After deducting a $500,000 discount and expenses, the company received $5.0 million in proceeds to strengthen liquidity and fund growth. The note is secured by all company assets and includes mandatory prepayments, investor redemption rights starting June 2027, and a 7% exit fee for payments made after December 2026.
T Stamp entered into a Note Purchase Agreement with Streeterville Capital to issue a secured promissory note with a $5.51 million principal balance, bearing 9% interest and maturing on June 25, 2028. After a $500,000 original issue discount and $10,000 expenses, the company received $5.0 million in proceeds. The note includes mandatory prepayments from future financings, investor redemption rights beginning June 25, 2027, and a 7% exit fee on payments made on or after December 25, 2026. The obligations are secured by all company assets and carry customary covenants and default provisions.
Agreement details:
- Agreement type: Secured promissory note and note purchase agreement
- Counterparty: Streeterville Capital
- Signed / Effective: Jun 25 2026 / same
- Duration / Termination: 2 years, matures Jun 25 2028
- Reason: Strengthen liquidity and fund growth initiatives
Original SEC Filing: T Stamp Inc [ IDAI ] - 8-K - Jun. 25, 2026