IDAI is trading 6.3% up at $1.78, extending recent gains fueled by the $5.51 million financing closed on June 25, 2026.
- The company secured a 24-month loan providing $5 million in net cash, increasing cash and receivables to over $7.6 million.
- CEO Gareth N. Genner stated the financing aims to counteract apparent short-selling pressures and assure stakeholders of financial stability.
- Management plans a detailed business update and shareholder call on July 17, 2026.