Trident Digital Tech Holdings (Nasdaq: TDTH) Completes US$15 Million Equity Offering, Bringing September Financing to Approximately US$23 Million to Fund Execution of Its AI and Digital Infrastructure Strategy
Key Highlights
- ➤US$15 million equity offering completed: 30 million Class B shares at US$0.50
- ➤Approximately US$23 million raised in September, entirely through equity financing
- ➤US$0.50 offering price marked a 25% premium to September 8 placement
- ➤Pro forma net tangible book value improved from negative US$6.8 million to positive US$24.2 million
- ➤Nasdaq compliance regained for US$35 million market value requirement on September 22, 2026
Expert Statements
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“September gave Trident the capital to move from building to delivering”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“We raised approximately US$23 million this month entirely in equity, with no new debt and no commissions paid to intermediaries. Our shareholders will judge this financing by what we deliver with it, and that is the standard we are setting for ourselves: every dollar tied to a priority, every priority tied to a milestone, and every milestone reported publicly.”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“This capital now has three jobs”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“In Ghana the platform is live and the task is scale and expanding of the ecosystem. In enterprise AI, IRMA Asia moves from signed agreement to its first commercial deployment and expanding within the region and beyond. In cybersecurity, the target is a first enterprise customer under contract and establishing our footprint for future growth.”
SINGAPORE, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (“Trident” or the “Company”) (Nasdaq: TDTH) today announced that it has completed an offering of 30,000,000 Class B ordinary shares at US$0.50 per share for gross proceeds of approximately US$15 million, pursuant to securities purchase agreements dated September 27, 2026. Combined with the US$8 million private placement completed on September 8, 2026, Trident has raised approximately US$23 million in gross proceeds this month, providing the capital base to accelerate commercial execution across its AI and digital infrastructure platforms.
The financing is entirely equity. It adds no debt to Trident’s balance sheet and carries no repayment obligation. The offering was completed without an underwriter or placement agent, and no underwriting discounts or commissions are payable, directing substantially all of the gross proceeds to the Company. The US$0.50 offering price represents a 25% premium to the US$0.40 per share price of the September 8 private placement, and the offering consisted solely of Class B ordinary shares sold at a single fixed price, with no warrants issued to investors.
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