T Stamp Inc. completed the acquisition of 100% of Lexverify Ltd. on February 27, 2026, pursuant to a share purchase agreement, with the entire purchase price payable in shares of the Company's Class A Common Stock structured in four tranches. The acquisition provides expertise in large language models and UK market access.
Key takeaways
Acquisition of 100% of Lexverify Ltd., a private limited company in England and Wales, closed on February 27, 2026
Purchase price payable entirely in T Stamp Inc. Class A Common Stock based on Nasdaq closing price on Closing Date
25% initial Completion Consideration issued on Closing Date; 75% Deferred Consideration in three equal tranches at 90, 180, and 270 days post-Closing
Interest at 4% per annum above LIBOR on overdue consideration
Certain sellers agreed to 12-month non-compete and non-solicit
Company to approve continuing employment of Lexverify employees on similar terms