Trident announces 1-for-30 reverse ADS split effective April 24

Trident Digital Tech Holdings Ltd (NASDAQ: TDTH) announced it will implement a change to its American depositary share ratio on April 24, 2026. The Singapore-based digital transformation company will adjust the ratio from one ADS representing eight Class B ordinary shares to one ADS representing 240 Class B ordinary shares.

The change will function as a one-for-30 reverse ADS split for shareholders. Holders of ADSs in the Direct Registration System and The Depository Trust Company will have their shares automatically exchanged without required action. Every 30 existing ADSs will be converted to one new ADS, with the previous shares cancelled and new ones issued by the depositary bank.

Fractional new ADSs will not be issued. The depositary bank will aggregate fractional entitlements and sell them, distributing net cash proceeds to applicable ADS holders after deducting fees, taxes and expenses.

The company's ADSs will continue trading on the Nasdaq Capital Market under the symbol "TDTH." The ratio change will not affect the underlying Class B ordinary shares, and no ordinary shares will be issued or cancelled in connection with the adjustment.

Trident provides digital transformation services including technology optimization and Web 3.0 activation. The company's primary product is Tridentity, a blockchain-based identity solution for secure single sign-on authentication across various industries.

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