Nasdaq notification regarding minimum bid price requirement

Rhea-AI Summary

Trident Digital Tech Holdings (NASDAQ: TDTH) received a Nasdaq notice dated October 28, 2025, saying its closing bid was below $1.00 for 30 consecutive business days, failing Nasdaq Listing Rule 5550(a)(2).

The notice has no immediate effect on the listing and TDTH continues to trade under TDTH. Under Nasdaq Listing Rule 5810(c)(3)(A), the company has a 180-calendar-day compliance period until April 27, 2026 to regain a closing bid of at least $1.00 for ten consecutive business days. If compliance is not regained, TDTH may seek a second 180-day period by meeting other initial listing standards and filing written notice, which could require a reverse stock split or other actions to cure the deficiency. The company said it will monitor the bid price and consider options to regain compliance.

Positive

• Securities continue trading on Nasdaq under TDTH
• Company has a 180-day compliance period until April 27, 2026

Negative

• Closing bid was below $1.00 for 30 consecutive business days
• Risk of delisting if compliance not regained by April 27, 2026
• May need a reverse stock split or other capital action to cure deficiency

Insights

Corporate Listing Specialist

Nasdaq notified Trident Digital Tech Holdings of a $1.00 bid-price deficiency; company has until April 27, 2026 to cure.

Trident Digital Tech Holdings received a Nasdaq Listing Qualifications notice dated October 28, 2025 that its closing bid fell below $1.00 for 30 consecutive business days, triggering a formal Minimum Bid Price Requirement deficiency. The notice does not delist the shares and trading continues under the symbol TDTH.

The company has a 180-calendar-day compliance window ending on April 27, 2026. Nasdaq will confirm compliance if the closing bid is at least $1.00 for ten consecutive business days. If compliance is not achieved, the company may request an additional 180-day cure period but must meet market value and other initial listing standards, and may need to effect a reverse stock split if necessary.

Key near-term items to watch are the closing bid trend through the 180-day window, any announced corporate actions such as a reverse stock split, and written notices to Nasdaq about intent to cure. The timeline for confirmation is explicit: ten consecutive business days at or above $1.00 or the final compliance date of April 27, 2026, with a possible second 180-day period thereafter.

SINGAPORE, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a Singapore-based catalyst for digital transformation and Web 3.0 activation, today announced that it has received a notification letter, dated October 28, 2025, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its securities was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

The notification letter has no immediate effect on the listing of the Company’s securities, and the Company’s securities continue to trade on Nasdaq under the symbol “TDTH”.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until April 27, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s Minimum Bid Price Requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s securities is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance by April 27, 2026, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

The Company intends to monitor the closing bid price of its securities and will consider its options in order to regain compliance with the Minimum Bid Price Requirement.

About Trident

Trident is a leading catalyst for digital transformation in technology optimization and Web 3.0 activation. Its flagship product, Tridentity, is a blockchain-based identity platform that is designed to deliver secure single-sign-on authentication across diverse industries. Trident’s mission is to become a global leader in Web 3.0 enablement, connecting organizations to reliable and secure digital infrastructure with optimized user experiences, with a strong focus on Southern Africa and other high-growth markets.

For more information, please visit investors.tridentity.me

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could also cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: potential adverse reactions or changes to business relationships; adverse changes in general economic or market conditions; and actions by third parties, including government agencies; the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For Investor/Media Enquiries

Investor Relations
Robin Yang, Partner – ICR LLC
investor@tridentity.me | +1 (212) 321-0602

Media Relations
Brad Burgess, SVP – ICR LLC
brad.burgess@icrinc.com

FAQ

What did Nasdaq notify for Trident Digital Tech (TDTH) on October 28, 2025?

Nasdaq notified TDTH that its minimum bid price was below $1.00 for 30 consecutive business days, triggering the Listing Rule 5550(a)(2) deficiency process.

How long does TDTH have to regain compliance with Nasdaq's minimum bid price?

TDTH has a 180-calendar-day compliance period ending on April 27, 2026 to achieve a $1.00 closing bid for ten consecutive business days.

Will TDTH be delisted immediately after the Nasdaq notice?

No. The notice has no immediate effect; trading continues while TDTH uses the compliance period to regain the $1.00 bid.

What happens if TDTH does not regain compliance by April 27, 2026?

If not regained, TDTH may be eligible for a second 180-day period only if it meets other initial listing standards and files written notice to cure the deficiency.

Could TDTH use a reverse stock split to meet Nasdaq's $1.00 requirement?

Yes. The company may effect a reverse stock split or take other actions as part of a plan to regain compliance.

How will investors know if TDTH regains compliance with Nasdaq?

Nasdaq will send a written confirmation of compliance once TDTH’s closing bid is at least $1.00 for ten consecutive business days.