• Trust Stamp announces a 15-for-1 reverse stock split aimed at improving marketability and share liquidity.
• The current stock price of Trust Stamp shows significant fluctuation at $0.57, marking a decline of around 16.54%.
• With a market capitalization close to $14.38 million, this strategic move attempts to attract more investors and enhance stock attractiveness.

Trust Stamp, traded under NASDAQ:IDAI, is an innovative provider of AI-driven technologies. The company specializes in delivering advanced solutions for identity verification and fraud prevention. Trust Stamp operates in a competitive landscape, challenging other technology firms in the AI and security space by prioritizing unique and effective offerings.

On January 6, 2025, Trust Stamp will initiate a reverse stock split with a ratio of 15-for-1. Each 15 shares will convert into one share, a decision sanctioned by both board members and shareholders. This corporate action aims to elevate the stock’s marketability and trading liquidity, as noted in official channels.

Currently priced at $0.57, IDAI has seen a decrease of approximately 16.54%, equating to $0.113. The stock’s daily range fluctuates between $0.46 and $0.587. Over the past year, the stock has peaked at $2.50 and bottomed out at $0.149. This reverse split is anticipated to stabilize fluctuations by lowering the share count available for trading.

IDAI’s market capitalization sits at approximately $14.38 million, with a trading volume of 10,492,981 shares. By consolidating its shares, Trust Stamp aims to enhance the attractiveness of its stock to potential investors, potentially leading to increased market interest and investment flow.