ADDED
As of March 30, 2026, there were 5,285,008 shares of Class A Common Stock, par value $0.01 per share, of the registrant outstanding.
Strengthening our international 3rd party cybersecurity and data handling certifications including NCSC Cyber Essentials Plus, certified by The IASME Consortium Ltd, SOC2 certification, and D-Seal approval (the world s first certification that includes not just data and AI model security but also the ethical and responsible use of data).
Participating in the K-Startup Grand Challenge 2025, South Korea s premier acceleration program for innovative foreign startups.
Establishing go-to-market partnerships in Nigeria and Ghana Participation in the Trust Valley program in the Geneva region of Switzerland Participation in the Founders Arena wealth management program Markets Trust Stamp has evaluated the market potential for its services across several verticals.
Data Security and Fraud In 2024 alone, numerous large-scale cybersecurity incidents resulted in the exposure of billions of personal records worldwide, including the so-called Mother of All Breaches involving over 26 billion records aggregated from multiple prior breaches, a breach of National Public Data affecting approximately 2.9 billion records including Social Security numbers, and significant compromises at major organizations such as Dell (49 million customer records), Twilio (33 million phone numbers), and Roll20 (15 million accounts).
healthcare sector alone reported 14 breaches each affecting over one million individuals, impacting an estimated 238 million residents, while other notable incidents included data exfiltration from Kadokawa/Niconico in Japan, a 1.2-terabyte leak of Disney internal communications, and widespread mobile app exposures affecting over 1.7 billion users.
These breaches underscore persistent systemic vulnerabilities across industries and geographies, with material legal, operational, and reputational risks.
In 2024, global losses from payment card fraud alone reached approximately $33.8 billion, according to the Nilson Report, surpassing the previous year s figures and driven by escalating card not present and e commerce fraud.
In the broader digital payments sphere, including ACH, digital wallets, BNPL, and e commerce, the Merchant Risk Council estimates merchants lose about 3.2 % of annual e commerce revenue to fraud, while Juniper Research forecasts online payment fraud losses totaling $362 billion globally by 2028, encompassing all payment channels.
Furthermore, McKinsey projects $400 billion in cumulative card fraud losses over the next ten years, with authorized push payment fraud growing at an 11 % CAGR through 2027.
REMOVED
As of March 28, 2025, there were 2,487,052 shares of Class A Common Stock, par value $0.01 per share, of the registrant outstanding.
This process has included: Reducing the size of the non-production-focused executive and consulting teams to reduce overhead.
Negotiating a services contract to offset the cost of the technical team members while maintaining significant R D and product development capabilities.
Refocusing go-to-market strategies on joint ventures with proven industry partners with access to target markets.
Expanding our IP portfolio to strengthen our existing position related to presentation attack detection and tokenization and include implementations such as: i.
A simple user interaction utility called Shape Overlay that augments biometric verification and combats deepfakes and injection attacks by having the user interact in real-time with their captured image.
A patent for Interoperable Biometric Representations that potentially breaks vendor lock-in by allowing users of biometric technologies to compare like-modality templates from different sources.
Strengthening our international 3rd party cybersecurity and data handling certifications by adding SOC2 certification to our NCSC Cyberessentials Plus certification and obtaining a renewed D-Seal certification (the world s first certification that includes not just data security but also the ethical and responsible use of data).
Retaining an investment bank to explore strategic partnership and M A opportunities across multiple sectors.
The cumulative merchant losses to online payment fraud between 2023 and 2027 will exceed $343 billion globally according to a 2022 report titled Fighting Online Payment Fraud in 2022 Beyond published by Juniper Research.