Timing101
5 days ago
The only Reverse Split mentioned in the most recent 10-Q that was filed was from Last Year in 2023. Even with that it was a very small one 5 to 1. .
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https://s3.amazonaws.com/sec.irpass.cc/2663/0001718939-24-000210.htm
Quote
"Reverse Split โ On February 15, 2023 our Board of Directors approved and, as of February 20, 2023, the holders of a majority of our voting capital stock approved an amendment (the "Certificate of Amendmentโ) to the Companyโs Amended and Restated Certificate of Incorporation and approved to effect a reverse split of our issued and outstanding shares of Class A Common Stock at a ratio of one share for every five shares currently held, rounded up to the nearest whole share โ whereby every five (5) outstanding shares of Class A Common Stock was combined and became one (1) share of Class A Common Stock, rounding up to the nearest whole number of shares (the "Reverse Splitโ). All share and per share amounts have been updated to reflect the Reverse Split in these unaudited condensed consolidated financial statements. The Reverse Split was effective for trading on the market opening of Nasdaq on March 23, 2023. The Reverse Stock Split effective March 23, 2023, was ratified by the Companyโs stockholders by written consent pursuant to a definitive proxy statement filed with the Securities and Exchange Commission on April 13, 2023. Written consent from the majority of stockholders was received as of May 13, 2023."
TheHappyVulcan
4 weeks ago
Been in this for maybe 18 months, mostly just watching and learning. What hasnot quite come together in my mind us that this young company has been doing just what a person would hope a compsny is doing, i e., creating value, putting together a clientele, keeping the share structure sane, all that.
Yet, for nwarly a year the pps just drops and drops. I have my own theories as to what has worked against it, but I'd love to hear what y'all think about this .....and why now an investor comes in and sinks cash into it.
thv
subslover
4 months ago
Trust Stamp has licensed its computer vision and other AI-based technologies for use in Hydrogen-Powered Search & Rescue, Humanitarian Services, Surveillance, and Delivery Drones in a transaction generating $5,000,000 of income for Trust Stamp in Q3 of 2024
ATLANTA, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, announces a strategic implementation with Boumarang Inc. (โBoumarangโ), a pioneer in drone technology and hydrogen power solutions. The implementation will see Trust Stampโs computer vision, data tokenization, and other AI-powered technologies integrated into and used in conjunction with groundbreaking hydrogen-powered UAV systems.
Market Opportunity:
The global drone market was valued at USD 22.4 billion in 2022, and it is expected to grow from USD 28 billion in 2023 to USD 166.7 billion by 2031, with a compound annual growth rate (CAGR) of 25% during the forecast period from 2024 to 2031.
The collaboration between Trust Stamp and Boumarang addresses a burgeoning market opportunity as businesses and governments worldwide seek efficient, sustainable, and secure surveillance and delivery solutions. Integrating hydrogen power with advanced AI capabilities promises unprecedented operational efficiency, environmental sustainability, and security advancements.
Hydrogen-powered drones offer significant advantages over legacy battery-powered systems, including longer flight times, faster refueling, and reduced environmental impact, including noise pollution. Combining these benefits with Trust Stamp's cutting-edge AI technology will result in a state-of-the-art solution capable of enabling a wide range of humanitarian services and transforming industries such as logistics, security, agriculture, and more.
Trust Stamp has granted Boumarang a non-exclusive license to use its computer vision and other patented AI technologies in conjunction with its hydrogen-powered drones for a $5,000,000 one-time license fee. The license fee has been paid by the issuance of pre-paid common stock warrants at fair market value, granting Trust Stamp equity participation in the Boumarang enterprise. The license income will be booked as โother-incomeโ by Trust Stamp following the completion of an independent valuation of the securities received.
Colin Guinn, Chief Innovation Officer of Boumarang, commented: "We are excited to partner with Trust Stamp to take our hydrogen-powered drone technology to new heights. This collaboration leverages our expertise in sustainable energy solutions with Trust Stamp's advanced AI capabilities, creating a product that is not only innovative but also environmentally responsible. We believe this partnership will set a new standard in the drone industry, providing businesses and governments with a reliable and efficient tool for a wide range of applications." Boumarangโs leadership team comprises industry experts in military, engineering, and science, collectively bringing decades of experience to drive innovation and excellence.
Gareth N. Genner, Chief Executive Officer of Trust Stamp, stated: "Partnering with Boumarang aligns perfectly with our goal to deliver our cutting-edge AI solutions via partners in different industries. This innovative drone system will offer a powerful tool for humanitarian services, real-time search & rescue and surveillance missions, and secure delivery, fueled by the endurance and sustainability of green hydrogen power. We believe that this partnership will open up new markets and licensing opportunities for us in government and non-government sectors, driving significant growth potential."
About Trust Stamp
Trust Stamp is a global provider of AI-powered technology for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, transportation, communications, and humanitarian services. With team members from twenty-two countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
About Boumarang Inc.
Boumarang Inc. is pioneering the future of multi-purpose, AI-driven drones designed to tackle a wide array of commercial, infrastructural, humanitarian, and military challenges. From autonomous last-mile product delivery to emergency response and