SINGAPORE, June 16, 2026 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (“Trident” or the “Company”, NASDAQ: TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 enablement based in Singapore, today announced its plan to terminate the amended and restated Deposit Agreement dated September 11, 2024, as amended, by and between the Company, Citibank, N.A. (the “Depositary”), and the holders of American Depositary Shares (the “ADSs”) from time to time (the “Deposit Agreement”), effective July 16, 2026 (the “Termination”).
In connection with the Termination, the Company will hold an extraordinary general meeting of shareholders on July 8, 2026, at which its shareholders will vote on a reallocation of the Company’s share capital, an increase in the Company’s share capital, as well as a 240-to-1 share consolidation of its common shares, such that every two hundred and forty (240) existing common shares with a par value of US$0.00001 each will be consolidated into one (1) ordinary share with a par value of US$0.0024 each (the “Share Consolidation”), which will become effective immediately upon the completion of the mandatory exchange of all outstanding ADSs of the Company for the underlying Class B ordinary shares of the Company pursuant to the termination of the Deposit Agreement.
The Depositary of the Company’s American depositary receipts (the “ADRs”) will issue notice to all holders and beneficial owners of the Company’s ADRs regarding the termination of the ADR facility for the Company’s ADSs under the Deposit Agreement. The effective date of termination of the Deposit Agreement will be July 16, 2026 (the “Effective Date”). On the Effective Date (when the Share Consolidation becomes effective), holders of ADSs will have their ADSs automatically canceled and will be entitled to receive the corresponding underlying Class B ordinary shares, par value US$0.0024 per share, at the rate of one (1) Class B ordinary share for each canceled ADS (the “Mandatory Exchange”).
Following the Mandatory Exchange, the Class B common stock is expected to trade directly on the Nasdaq Capital Market under the current trading symbol “TDTH.”
About Trident Digital Tech Holdings Ltd.
Trident Digital Tech Holdings Ltd. (Nasdaq: TDTH) is a Singapore-based digital infrastructure holding company focused on building and operating sovereign-scale technology platforms in emerging markets. The company’s strategy focuses on entering high-growth economies through trusted digital identity infrastructure and expanding into adjacent government technology, digital commerce, cybersecurity, AI and transaction-driven service verticals.
TDTH’s active initiatives include national digital identity infrastructure mandates, MSME platforms for digital tax formalization, national digital commerce ecosystems, and enterprise cybersecurity implementations in Africa and the Asia Pacific region. Through strategic partnerships, joint ventures, acquisitions and technology-driven platform implementation, TDTH aims to build long-term, scalable digital infrastructure ecosystems that serve both the public and private sectors.
With active operations and strategic initiatives in the Democratic Republic of Congo, Ghana and Asia Pacific markets, TDTH is positioning itself to take advantage of one of the largest global opportunities in digital transformation infrastructure.
Website: https://tridentity.me
Forward-Looking Statements
This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “targets,” “targets,” “projects,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely,” “potential,” “continue” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to stockholders, in announcements and other written materials, and in oral statements of its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans and expectations, are forward-looking statements. This announcement contains forward-looking statements regarding the Company’s strategic initiatives, expansion plans, expected market opportunities, expected platform adoption, onboarding targets, expected revenue opportunities, operational implementation expectations, platform scalability, monetization capabilities, AI integration capabilities, strategic partnerships, potential acquisitions, regulatory developments, government contracting processes and future business performance.
Forward-looking statements involve inherent risks and uncertainties, many of which are beyond the Company’s control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: materialization and implementation of the Company’s strategic initiatives; possible side effects or changes in business relationships; adverse changes in general economic or market conditions; any actions by third parties, including government agencies; the expected growth of the digital solutions market; cybersecurity risks; the geopolitical, economic, social and legal developments in the jurisdictions in which the Company operates or in which the Company plans to expand its operations and activities; the company’s ability to maintain and strengthen its brand. Further information about these and other risks is included in the company’s filings with the SEC. All information contained in this announcement is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements, except as required under applicable law.
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Scott Powell, Chairman
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Office: (646) 893-5835
Email: [email protected]
