SCHEDULE 13G/A: Armistice Capital and Steven Boyd Report 4.99% Stake in T Stamp Inc.
Beneficial Ownership Report
Armistice Capital, LLC and Steven Boyd have reported a 4.99% beneficial ownership stake in T Stamp Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- Armistice Capital, LLC, a Delaware-based investment adviser, and Steven Boyd, a U.S. citizen and managing member of Armistice Capital, are the reporting persons.
- They collectively beneficially own 1,397,878 shares of T Stamp Inc.'s Class A Common Stock, representing 4.99% of the class.
- The shares are held by Armistice Capital Master Fund Ltd., an investment advisory client of Armistice Capital, with Armistice Capital exercising shared voting and dispositive power over these securities.
- Steven Boyd, as the managing member of Armistice Capital, is also deemed to beneficially own these securities.
- The acquisition and holding of these securities are certified to be in the ordinary course of business and not for the purpose of changing or influencing the control of T Stamp Inc.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing is a routine disclosure of beneficial ownership. The presence of a significant institutional investor can be viewed positively as a vote of confidence, but the document itself contains no operational or financial news about T Stamp Inc.
Positives
- A significant institutional investor, Armistice Capital, has taken a substantial stake in T Stamp Inc., which may signal confidence in the company's prospects.
- The investment is stated to be for ordinary course of business purposes, indicating a passive investment rather than an activist attempt to control the company.
Negatives
- The beneficial ownership percentage of 4.99% is just below the 5% threshold, which means the reporting persons do not have to file a more detailed Schedule 13D, limiting public insight into their investment thesis or intentions beyond a passive stake.
Future Outlook
NA
Industry Context
This filing indicates an institutional investor's position in T Stamp Inc., a company likely operating in the technology or identity verification sector, but the filing itself does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake might influence investor sentiment and potentially the stock price, signaling institutional interest in T Stamp Inc.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 02/14/2025 | Date of filing of the Schedule 13G statement. |
Keywords
T Stamp Inc., Armistice Capital, Steven Boyd, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Institutional Investor, Investment Management
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