Gareth N. Genner, Chief Executive Officer of Trust Stamp reported:
"In Q4 of 2025 we completed a financing round using a combination of market placements of stock using our S3 capacity and a warrant inducement agreement. The objective of the financing was to provide working capital to give us the ability to achieve significant growth in 2026, which we intend to do through acquisitions, expansion of our customer base, and growing our service offerings.
During January we agreed to terms as part of non-binding letters of intent for two M&A transactions. In each case, the incoming company is a graduate of the UK National Cybersecurity Center's startup program with solid technology and stellar leadership. One would be an outright purchase and the other would be a 50% ownership stake with the incoming company becoming a closely integrated element of the Trust Stamp group. Both transactions, if consummated, aim to close before the end of February. In each case, there is no cash consideration, minimal impact on our cash burn and the transaction structure is based on the enhanced potential for growth for the incoming enterprises and their team members. Proposed dilution from these transactions is less than 2.5% of our currently issued share capital.
Both companies bring technology and expertise that we believe will provide new products for our sales channels as well as enhancing our existing products (and the products of the other acquired enterprise). In one case we will be acquiring additional expertise and technology that can be applied to the safe and monitored implementation of AI solutions, a challenge that is material to every one of our existing and target customers. We then intend to marry that expertise with the crisis and resilience testing scenarios and training from the second proposed incoming group member to create advanced training resources expressly for LLM based solutions.
Very importantly, the acquired team members will fill critical leadership, executive, technical and operational roles that we had already budgeted for 2026 thereby immediately accelerating our go-to-market capacity.
At the end of December 2025, our R&D team delivered the MVP of our Stablecoin-focused Wallet of Wallets ("WoWTM"), we signed an LOI with a fellow Nasdaq company for a first deployment, and during January 2026, our Director of Innovation relocated to Switzerland to participate in the Trust Valley program and identify opportunities in Switzerland for our StableKeyTM technology and WoW. While our WoW product has not yet been taken to market, it offers advanced capabilities and utilizes proven proprietary technologies. Therefore we believe that if we establish product-market fit, the economic potential could be substantial. Information on our StableKey technology can be reviewed at https://truststamp.ai/stable-key.html
A number of the new team members potentially joining us through our M&A activity are critical resources for StableKey and WoW to aggressively engage with the market, and fuelled by their addition, and the new level of regulatory clarity being afforded by existing and pending legislation, we are planning for highly visible launch activities for StableKey and WoW during Q1 and Q2 2026.
Our multi-year investment in the African market has progressed from market cultivation to revenue generation.
In January we received our first Purchase Order for the use of our Irreversibly Transformed Identity Token ("IT2") from an African telecommunications company situated across a dozen African and Middle Eastern markets and serving hundreds of millions of subscribers. The initial ...
