Trident to Seek Hearing After Receiving Nasdaq Delisting Determination

(SeaPRwire) –   SINGAPORE, May 01, 2026 — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a Singapore-based leader in digital transformation for technology optimization services and Web 3.0 activation, today announced it has received a notification letter dated April 28, 2026 from the Nasdaq Stock Market LLC’s Listing Qualifications Department. The letter stated that the Company failed to regain compliance with Nasdaq Listing Rule 5550(a)(2), as its securities did not achieve a closing bid price of US$1.00 or more for at least 10 consecutive business days within the 180-day period ending on April 27, 2026. This rule mandates a minimum bid price of US$1.00 per share.

The Company is ineligible for an additional 180-day compliance period for Rule 5550(a)(2) because it also fails to meet the Nasdaq Capital Market’s minimum stockholders’ equity requirement of US$5,000,000. Furthermore, a separate Nasdaq letter dated March 26, 2026 informed the Company that, based on its market value of listed securities over 34 consecutive business days from February 5 to March 20, 2026, it did not maintain the minimum US$35,000,000 market value required for continued listing under Nasdaq Listing Rule 5550(b)(2). The Company has until September 22, 2026, to regain compliance with this specific rule.

As a result, if Trident does not appeal the determination to a Nasdaq Hearings Panel by May 5, 2026, its securities will be scheduled for delisting. Trading would be suspended at the market opening on May 7, 2026, and a Form 25-NSE would be filed with the SEC to remove the securities from listing and registration on the Nasdaq Capital Market.

The Company plans to submit a timely request for a hearing before the Panel. At the hearing, it will present a plan to regain compliance with Rule 5550(a)(2) and will ask for its listing to continue while it works towards compliance. Requesting a hearing will automatically delay the suspension of the Company’s securities and the filing of the Form 25-NSE until the Panel reaches a decision.

As part of its compliance plan, the Company announced on April 7, 2026, its intention to adjust the ratio of its ADS to Class B ordinary shares. The ratio was changed from one (1) ADS representing eight (8) Class B ordinary shares to a new ratio of one (1) ADS representing two hundred and forty (240) Class B ordinary shares. Subsequently, the Company executed a 1-for-30 reverse share split, effective April 24, 2026.

About Trident

Headquartered in Singapore, Trident is a global leader in driving digital transformation through digital optimization, technology services, and Web 3.0 activation. The Company provides commercial and technological digital solutions that help clients enhance their end-user experiences by encouraging digital adoption and self-service capabilities.

The Company’s flagship product, Tridentity, is an innovative, blockchain-based identity solution that delivers highly secure single sign-on authentication for integrated third-party systems across multiple industries. Tridentity is designed to provide superior security, safeguarding sensitive data and mitigating threats, thereby ushering in a new era of security for the global digital landscape, particularly in regions like South Asia.

In addition to Tridentity, the Company’s mission is to emerge as the world’s premier Web 3.0 activation leader. It focuses on linking businesses to a dependable and secure technology platform, offering customized and optimized customer experiences, with significant emphasis on Africa and other high-growth markets. For more information, visit: https://tridentity.me/

Safe Harbor Statement

This announcement includes statements that may be considered “forward-looking” under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” and “likely to” signal such forward-looking statements. The Company also communicates forward-looking statements in its SEC reports, annual shareholder reports, other announcements, and through statements by its management. Statements that are not historical facts, including those concerning the Company’s beliefs, plans, and expectations, are forward-looking. These statements carry inherent risks and uncertainties. Numerous factors could cause actual results to differ significantly from those projected, including, but not limited to: negative impacts on business relationships; unfavorable changes in economic or market conditions; actions by third parties, including government agencies; the Company’s strategies, future business development, financial condition, and operational results; growth expectations for the digital solutions market; political, economic, social, and legal conditions in the Company’s current and target markets; and the Company’s ability to strengthen and maintain its brand. Additional details on these and other risks are available in the Company’s SEC filings. All information in this announcement is current as of its date, and the Company assumes no duty to update any forward-looking statements, except as mandated by law.

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: investor@tridentity.me