SEC Company Response from T Stamp Inc (IDAI) (CIK 0001718939) (IDAI) — Apr 17, 2020
T Stamp Inc (IDAI) (CIK 0001718939)
Date: April 17, 2020 · CIK: 0001718939 · Accession: 0001104659-20-048057
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 024-11176
Letter
Office of Technology Division of Corporation Finance Securities and Exchange Commission Offering Statement on Form 1-A Filed April 8, 2020 File No. 024-11176
Re: T Stamp Inc.
Dear Mr. Spirgel,
We acknowledge receipt of comments in your letter of March 24, 2020 regarding the Offering Statement of T Stamp Inc. (the “Company”), which we have set out below, together with our responses.
Amendment No. 1 to Offering Statement on Form 1-A
Dilution, page 12
1. We note your revised disclosures in response to prior comment 1. Please address the following:
· Remove the second dilution table as this does not represent the consummation of events or transactions that are either factually supportable or directly attributable to this offering.
· Revise the pro forma capitalization table to also include the dollar amount of outstanding debt and stockholder's equity as of the most recent balance sheet date along with the related pro forma adjustments at the various raise levels.
In response to your comment, the Company has removed the second dilution table in the “Dilution” section, and has revised the pro forma capitalization table to also include the dollar amount of outstanding debt and stockholder's equity as of the most recent balance sheet date along with the related pro forma adjustments at the various raise levels.
Thank you again for the opportunity to respond to your questions to the Offering Statement of T Stamp Inc. If you have additional questions or comments, please contact me at andrew@crowdchecklaw.com.
Sincerely,
/s/ Andrew Stephenson
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CORRESP 1 filename1.htm April 17, 2020 Mr. Larry Spirgel Chief Office of Technology Division of Corporation Finance Securities and Exchange Commission Washington DC 20549 Re: T Stamp Inc. Offering Statement on Form 1-A Filed April 8, 2020 File No. 024-11176 Dear Mr. Spirgel, We acknowledge receipt of comments in your letter of March 24, 2020 regarding the Offering Statement of T Stamp Inc. (the “Company”), which we have set out below, together with our responses. Amendment No. 1 to Offering Statement on Form 1-A Dilution, page 12 1. We note your revised disclosures in response to prior comment 1. Please address the following: · Remove the second dilution table as this does not represent the consummation of events or transactions that are either factually supportable or directly attributable to this offering. · Revise the pro forma capitalization table to also include the dollar amount of outstanding debt and stockholder's equity as of the most recent balance sheet date along with the related pro forma adjustments at the various raise levels. In response to your comment, the Company has removed the second dilution table in the “Dilution” section, and has revised the pro forma capitalization table to also include the dollar amount of outstanding debt and stockholder's equity as of the most recent balance sheet date along with the related pro forma adjustments at the various raise levels. Thank you again for the opportunity to respond to your questions to the Offering Statement of T Stamp Inc. If you have additional questions or comments, please contact me at andrew@crowdchecklaw.com. Sincerely, /s/ Andrew Stephenson Andrew Stephenson Partner CrowdCheck Law LLP cc: Gareth Genner Chief Executive Officer T Stamp Inc. 75 5th St NW, Suite 2290 Atlanta GA, 30308