Trident Digital Tech Holdings Announces Pricing of Initial Public Offering
September 09 2024 - 9:00PM
Trident Digital Tech Holdings Ltd. (“Trident” or the “Company”), a
leading digital transformation enabler in the small and medium
enterprise, or the SME segment of the e-commerce enablement and
digital optimization services market in Singapore, today announced
the pricing of its initial public offering (the “Offering”) of
1,800,000 American Depositary Shares (“ADSs”), each one ADS
representing eight Class B Ordinary Shares of the Company, at a
price to the public of US$5.00 per ADS for a total offering size of
approximately US $9,000,000, assuming the underwriters do not
exercise their option to purchase additional ADSs. The ADSs are
expected to begin trading on the Nasdaq Capital Market on September
10,2024, under the symbol “TDTH.” The closing of the Offering is
expected to occur on September 11,2024, subject to the satisfaction
of customary closing conditions.
The Company has granted the underwriters an
option, exercisable within 45 days from the date of the final
prospectus, to purchase up to an aggregate of 270,000 additional
ADSs at the initial public offering price.
WallachBeth Capital LLC is acting as Lead
Underwriter for the Offering and Revere Securities LLC is acting as
the Co-Manager for the Offering.
A registration statement on Form F-1
(333-274857) relating to the Offering has been filed with, and
declared effective by, the United States Securities and Exchange
Commission. This press release does not constitute an offer to sell
or the solicitation of an offer to buy the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
This offering is being made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the final prospectus relating to the offering may be
obtained, when available, by contacting WallachBeth Capital, LLC at
cap-mkts@wallachbeth.com , or by telephone at (646) 237-8585.
About Trident Digital Tech Holdings Ltd
Trident is a leading digital transformation
facilitator in the e-commerce enablement and digital optimization
services market for SMEs in Singapore. The Company offers business
and technology solutions that are designed to optimize clients’
experiences with their customers by driving digital adoption and
self-service. Trident’s mission is to be the leader in Web 3.0
enablement, bridging business to a trusted and secure e-commerce
platform with curated customer experiences. The Company provides
customized solutions and services that address the specific needs
of clients in its strategic vertical markets. Trident’s primary
verticals include fast-growing industries with increasing levels of
digitalization potential such as e-commerce, food and beverage,
fintech, healthcare and health services, and wholesale and
retail.
Contact
Investor RelationsRobin Yang, PartnerICR,
LLCEmail: investor@tridentity.mePhone: +1 (212) 321-0602