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GlobeNewswire·

Trident Eliminates US$3 Million of Debt Through Founder Equity Conversion

  • Trident Digital Tech Holdings Ltd executed a Debt Conversion Agreement with Founder Soon Huat Lim to convert US$3 million of indebtedness into 4,615,384 restricted Class B ordinary shares.
  • The conversion removed US$3 million of debt from the balance sheet without using company cash, representing over half of the approximately US$5 million in working capital loans Mr. Lim advanced as of October 31, 2026.
  • The transaction required no shareholder vote, discharged the debt in full, and issued restricted securities unregistered under the Securities Act of 1933.
  • Total founder debt converted to equity in 2026 reached US$11 million, following a US$8 million conversion in July \& an open-market share purchase in October by Mr. Lim.
  • The strengthened balance sheet provides greater financial flexibility for operating platforms including TDTHAI, the IRMA Engine Asia joint venture, \& Trident Aliska Digital Tech Ghana Ltd.
  • Trident Aliska Digital Tech Ghana Ltd. operates the Sikaflow platform \& supports the Ghana Revenue Authority digital tax platform launched on June 24, 2026.
  • Additional details regarding the promissory note \& agreement are available in the Company's Form 6-K filed with the U.S. Securities \& Exchange Commission.
Company
Trident Digital Tech Holdings Ltd
Keywords
Nasdaq:TDTH, Trident Digital Tech Holdings Ltd