September Investors Back Trident Digital Tech Holdings With Voluntary Lock-Up: No Early Release Below US$8.00 Per Share
Key Highlights
- ➤September offering investors impose lock-up through January 17, 2027
- ➤US$8.00 closing price for five days triggers early share release
- ➤Shares release in three equal tranches beginning February 16, 2027
- ➤Trident (TDTH) is pursuing Ghana, enterprise-AI and cybersecurity milestones
Expert Statements
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“The investors who funded Trident in September have now put their capital on the same timeline as our execution”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“They purchased freely tradable shares and chose to hold them — with the only early exit set at US$8.00 per share. That is a statement about where they believe this Company is going.”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“Our job is to deliver the milestones in Ghana, in enterprise AI and in cybersecurity that justify it, and we intend to report on every one of them.”
SINGAPORE, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (“Trident” or the “Company”) (Nasdaq: TDTH) today announced that a majority of the investors in its September 27, 2026 equity offering have entered into lock-up and leak-out agreements with the Company covering the Class B ordinary shares they purchased in that offering. Under the agreements, those shares may be released early from all restrictions only if Trident’s Class B ordinary shares close at or above US$8.00 per share for five consecutive trading days.
The shares were issued under the Company’s effective shelf registration statement and carried no contractual resale restriction when sold. The investors have voluntarily agreed to hold them through a defined schedule tied to the Company’s execution of the priorities it set out on September 29, 2026.
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