Trident Eliminates US$3 Million of Debt Through Founder Equity Conversion
Key Highlights
- ➤Trident converts US$3 million founder debt into 4,615,384 restricted Class B shares
- ➤Debt conversion removes US$3 million from liabilities without using Company cash
- ➤Founder debt converted to equity in 2026 reaches US$11 million
- ➤Conversion strengthens shareholders’ equity and preserves cash for operations and growth
Expert Statements
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“I have funded this Company because I believe in what we are building, and I am converting that funding into equity because I believe in where it is going.”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“Taking shares instead of cash keeps capital inside the business, strengthens our balance sheet and puts my interests exactly where our shareholders’ interests are.”
Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident
“Trident is executing, and I intend to be invested alongside every shareholder as that execution turns into results.”
SINGAPORE, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (Nasdaq: TDTH) (“Trident” or the “Company”), a Singapore-headquartered digital infrastructure and technology holding company, today announced that it has executed a Debt Conversion Agreement with its Founder, Chairman and Chief Executive Officer, Soon Huat Lim, and has converted US$3 million of outstanding founder indebtedness into 4,615,384 restricted Class B ordinary shares of the Company.
The conversion removes US$3 million of debt from Trident’s balance sheet without the use of Company cash. The converted amount represents more than half of the approximately US$5 million in working capital loans Mr. Lim had advanced to the Company as of October 31, 2026. Every dollar converted moves from liabilities to shareholders’ equity, preserving cash for operations and growth.
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