Trident Founder & CEO to Buy Up to 1,000,000 Shares in the Open Market
Key Highlights
- ➤CEO Soon Huat Lim intends to buy up to 1,000,000 TDTH shares at no more than US$1.00 each
- ➤Lim beneficially owns approximately 8.92% of Trident’s outstanding shares
- ➤Sikaflow is generating Ghana revenue, with management expecting approximately US$14 million by year-end
- ➤IRMA launch planned across Singapore, Malaysia, Vietnam, Kenya and Ghana in November
- ➤Trident converted approximately US$8 million of obligations into equity
Expert Statements
Soon Huat Lim, Chief Executive Officer of Trident
“I am buying Trident shares with my own money because I believe in what we are building, and I want my capital standing beside our shareholders’ capital.”
Soon Huat Lim, Chief Executive Officer of Trident
“Sikaflow is live in Ghana with revenue already streaming in, and we expect it to deliver approximately US$14 million in revenue by year-end, which we will report in full in our year-end financial results.”
Soon Huat Lim, Chief Executive Officer of Trident
“In November we launch IRMA across five markets — Singapore, Malaysia, Vietnam, Kenya and Ghana.”
Soon Huat Lim, Chief Executive Officer of Trident
“I am making this purchase alongside that launch because it positions the Company for the major catalysts ahead and for the revenue guidance our shareholders have been waiting for.”
Soon Huat Lim, Chief Executive Officer of Trident
“I will not ask shareholders to hold a position I am unwilling to hold myself.”
Soon Huat Lim, Chief Executive Officer of Trident
“Every share I buy will be locked up on the same terms, and every purchase will be on the public record.”
SINGAPORE, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (Nasdaq: TDTH) (“Trident” or the “Company”), a Singapore-based digital identity and Web3 technology company, today announced that its Chief Executive Officer, Mr. Soon Huat Lim, intends to purchase up to 1,000,000 of the Company’s Class B ordinary shares in the open market using his personal funds, at prices not to exceed US$1.00 per share.
Mr. Lim’s purchases will be executed in an expeditious manner within an appropriate timeframe following this announcement, through a registered broker and in accordance with applicable securities laws. Mr. Lim intends to report his purchases on Form 4 with the U.S. Securities and Exchange Commission, giving shareholders direct visibility into every share acquired.
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