Trident Digital Tech Holdings Ltd. Announces ADS Ratio Change
Trident Digital Tech Holdings Ltd. announced its plan to change the ratio of its American depositary shares (ADSs) to its Class B ordinary shares from 1:8 to 1:240, effective around April 24, 2026. This change is equivalent to a one-for-thirty reverse ADS split. Holders of ADSs will not need to take any action as the exchange will be automatic. Fractional ADSs will not be issued; instead, entitlements will be sold, and net proceeds distributed. The ADS ratio change will not affect the underlying Class B ordinary shares. Trident Digital Tech Holdings Ltd. is a Singapore-based company specializing in digital transformation, technology optimization services, and Web 3.0 activation, with its flagship product being the blockchain-based identity solution, Tridentity.