Trident Digital Tech agreed to sell 20,000,000 Class B ordinary shares at $0.40 each, generating aggregate gross proceeds of $8.0 million. Investors should track the resulting 28,542,617 Class B ordinary shares outstanding and the permitted settlement currencies, which include U.S. dollars, USDT and USDC.
Key Highlights
- Purchasers may settle the $8.0 million purchase price in U.S. dollars, USDT, USDC or a combination.
- Each Class B ordinary share carries a Par Value of $0.0024.
- Trident Digital Tech had 28,542,617 Class B ordinary shares outstanding after including the 20,000,000 shares issued in the placement.
$8.0 Million Placement Terms
The securities purchase agreement was entered into on September 8, 2026, with the purchasers acquiring the shares outside the United States under Regulation S. The Class B ordinary shares have a par value of $0.0024 per share. The purchase price may be paid in U.S. dollars, Tether, known as USDT, USD Coin, known as USDC, or any combination of those currencies. The agreement identifies Nasdaq as The Nasdaq Capital Market and defines the shares as part of Trident Digital Tech (NASDAQ: TDTH)’s ordinary share capital.
28,542,617 Shares Outstanding After Closing
The company issued a press release on September 9, 2026, announcing the pricing and closing. Soon Huat Lim, chairman and chief executive officer, signed the report for Trident Digital Tech on September 9, 2026. The securities purchase agreement was entered into with purchasers identified on its signature pages.
FAQs
Q: What is Trident Digital Tech’s private placement size?
A: Trident Digital Tech agreed to sell 20,000,000 Class B ordinary shares at $0.40 each. The private placement carries aggregate gross proceeds of $8.0 million.
Q: How can purchasers pay for the TDTH shares?
A: Purchasers may pay the purchase price in U.S. dollars, USDT, USDC, or any combination of those currencies under the agreement. The agreement permits these payment options.
Q: How many Class B ordinary shares were outstanding after the placement?
A: The filing stated that 28,542,617 Class B ordinary shares were issued and outstanding, including the 20,000,000 shares issued in the private placement. This total included the placement shares.
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