Trust Stamp Inc. announced on March 10 2026 that it had closed two strategic acquisitions: it acquired 100 % of Lexverify Ltd. on February 26 2026 and subscribed for a 50 % ownership interest in Cyberfish CyberPsychology Solutions Ltd. on March 9 2026. The deals add AI‑driven risk and compliance capabilities from Lexverify and crisis‑simulation expertise from Cyberfish to Trust Stamp’s portfolio.
The Lexverify transaction was an all‑stock deal. Trust Stamp issued new Class A common shares in four tranches—25 % at closing and the remaining 75 % deferred over 90, 180, and 270 days. No cash consideration was disclosed. The terms of the Cyberfish subscription were not publicly disclosed, but the 50 % stake represents a significant minority investment that will be integrated into Trust Stamp’s enterprise sales strategy.
The acquisitions are intended to create product development synergies and cross‑selling opportunities. Andrew Gowasack, President of Trust Stamp, said the combination of “Cyberfish’s expertise in building simulations of business disruption and crisis‑management scenarios with Lexverify’s expertise in training and utilizing Large Language Models (LLM)” will enable a new paradigm in LLM training focused on modeling and resolving highly customized risk scenarios for clients. The moves support Trust Stamp’s transition from a licensing model to a direct enterprise sales model via its Orchestration Layer SaaS platform.
Trust Stamp’s financial health remains weak. The company has been unprofitable, with a three‑year revenue growth rate of –42.5 % and a net margin of –316.42 %. Despite these challenges, the Orchestration Layer has gained traction, with 112 institutions enrolled by January 2026. The acquisitions are therefore a strategic investment aimed at strengthening the company’s competitive position while it continues to address profitability headwinds.
Management emphasized leadership integration and mission alignment. Gowasack noted that “each of the CEOs will play a significant role in the overall Trust Stamp enterprise and I am excited to work with them as we pursue our ambitious goals for 2026.” Berta Pappenheim, Founder and CEO of Cyberfish, added that the partnership “bolsters the mission we began seven years ago: making leadership teams crisis‑ready through realistic, gamified crisis simulations delivered via our Dojo portal.” Dr. Cristian Gherhes, Co‑Founder and CEO of Lexverify, highlighted the company’s focus on risk prevention technology over the past five years.
The acquisitions reinforce Trust Stamp’s credentials as a cybersecurity and risk‑management provider, particularly as both companies are alumni of the UK National Cyber Security Centre accelerator. While the deals signal a strategic pivot toward higher‑value enterprise sales, investors will likely weigh the company’s ongoing financial challenges against the potential long‑term benefits of the expanded product suite.
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