Trust Stamp Closes Two M&A Deals

Trust Stamp's acquisition of Lexverify was finalized on February 26, 2026, with Trust Stamp acquiring 100% of Lexverify's outstanding share capital. The purchase price for Lexverify will be settled in newly issued shares of Trust Stamp Class A Common Stock. Lexverify specializes in training and utilizing Large Language Models (LLMs), focusing on risk prevention technology. Dr. Cristian Gherhes, Co-Founder and CEO of Lexverify, noted the company's five-year focus on this area. Trust Stamp's acquisition of a 50% stake in Cyberfish CyberPsychology Solutions Ltd was effective March 9, 2026. Cyberfish develops simulations for business disruption and crisis-management scenarios and has worked with UK government departments, critical infrastructure operators, and global enterprises for seven years. Both Lexverify and Cyberfish are alumni of the UK National Cyber Security Center (NCSC) accelerator program, which is part of British intelligence agency GCHQ. Trust Stamp plans to combine Cyberfish's simulation expertise with Lexverify's LLM capabilities to develop customized risk scenario modeling for clients. Trust Stamp's President, Andrew Gowasack, intends to integrate Cyberfish's "Dojo portal" to deliver crisis simulations to cybersecurity decision makers. Trust Stamp provides AI-powered identity and security solutions for various sectors, including banking, finance, regulatory compliance, and government. Despite Trust Stamp's 72.6% revenue growth over the last twelve months, InvestingPro data indicates the company remains unprofitable with a "WEAK" overall financial health score. However, analysts maintain a price target of $12 for Trust Stamp, suggesting significant upside potential from current levels. The acquisition of Lexverify is structured with an initial payment of 25% of the purchase price, with the remaining 75% paid in three installments over 270 days. These payments are subject to potential withholding for warranty claims.