Trident Announces Completion of $2.6 Million PIPE Financing to Support Expansion and Development of DRC pass in Africa, Chaince Securities LLC acted as the Exclusive Placement Agent
Rhea-AI Summary
Trident Digital Tech Holdings (NASDAQ:TDTH) has successfully completed a $2.6 million PIPE financing, with Chaince Securities LLC serving as the exclusive placement agent. The funding will primarily support the expansion and commercialization of DRC pass in the Democratic Republic of Congo.
The company aims to leverage its Tridentity technology to accelerate digital identity adoption and financial inclusion across Africa, where demand for secure and efficient financial solutions continues to grow. CEO Soon Huat Lim emphasized that this financing validates their strategic direction and will help strengthen their global presence in digital identity and EKYC services.
Positive
- Successfully raised $2.6 million through PIPE financing
- Strategic expansion into the growing African digital identity market
- Partnership with Nasdaq-listed company's subsidiary as placement agent
Negative
- Offering expenses will reduce the net proceeds available from the $2.6M raise
News Market Reaction
On the day this news was published, TDTH declined 3.01%, reflecting a moderate negative market reaction. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $66M at that time.
Data tracked by StockTitan Argus on the day of publication.
SINGAPORE, Sept. 16, 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 the successful completion of an approximately
Chaince Securities LLC acted as the exclusive Placement Agent for this transaction. As a subsidiary of Nasdaq-listed Mercurity Fintech Holding Inc., Chaince Securities brings extensive expertise in bridging digital assets with U.S. capital markets.
Trident highlighted that demand for secure, efficient, and inclusive financial solutions continues to grow across Africa. By leveraging the speed and scalability of Tridentity technology, the Company aims to accelerate adoption in digital identity and financial inclusion throughout the region.
“This financing not only validates our strategic direction but also provides the resources to strengthen our global presence in digital identity and EKYC,” said Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident.
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.
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.
Investor & Media Contacts
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
How much did Trident Digital Tech Holdings (TDTH) raise in its PIPE financing?
What will TDTH use the PIPE financing proceeds for?
Who acted as the placement agent for Trident's PIPE financing?
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Who is the CEO of Trident Digital Tech Holdings?
