Trident Digital Tech Holdings Ltd (TDTH) Form 424B5 — Sep 28, 2026
Trident Digital Tech Holdings (TDTH) is selling 30,000,000 Class B ordinary shares at $0.50 per share in a direct offering with no underwriter, targeting $15,000,000 in gross proceeds paid in USDT or USDC stablecoins. The price is roughly 66% below the September 25, 2026 close of $1.46, and the new shares more than double the pre-offering Class B share count of 28.9 million. This is the second dilutive raise in under a month: on September 8, 2026 the company closed an $8.0 million private placement of 20 million shares at $0.40, and CEO Soon Huat Lim is converting $8 million of debt into 901,408,450 shares at $0.008875 per share.
Key figures
- Gross Proceeds
- 15000000
- Offering Price
- 0.5
- Shares Offered
- 30000000
- Shares Outstanding
- 58,854,494 Class B and 208,333 Class A ordinary shares post-offering
- Last market price
- 1.46
- Dilution per share
- 0.09
- Fy2024 net loss usd
- 8120000
- Fy2025 net loss usd
- 22760000
- Ceo conversion shares
- 901408450
- Ceo debt conversion usd
- 8000000
- Prior private placement gross
- 8000000
AI analysis
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