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Trident Digital Tech raises $8M in private placement

Trident Digital Tech Holdings Ltd (TDTH) completed a private placement financing with certain non-U.S. investors, issuing 20,000,000 Class B ordinary shares at US$0.40 per share for aggregate gross proceeds of US$8.0 million.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Trident Digital Tech Holdings Ltd (TDTH) completed a private placement financing with certain non-U.S. investors, issuing 20,000,000 Class B ordinary shares at US$0.40 per share for aggregate gross proceeds of US$8.0 million. The transaction closed on September 8, 2026 under a securities purchase agreement that allowed payment in U.S. dollars, USDT, USDC, or a combination thereof, with USDT and USDC treated as functionally equivalent to U.S. dollars on a 1:1 basis.

The shares were offered in offshore transactions to non-U.S. persons in reliance on Regulation S (and, as described in the press release, Section 4(a)(2) of the Securities Act), and are characterized as restricted securities that may not be resold in the United States without registration or an applicable exemption. Immediately after the closing, Trident had 28,542,617 Class B ordinary shares issued and outstanding, including 8,542,617 shares outstanding immediately prior to the closing. The company currently intends to use the net proceeds to support its digital asset reserve, working capital and general corporate purposes, including ongoing digital infrastructure, enterprise AI and government technology initiatives across Africa and the Asia-Pacific region.

Positive

  • None.

Negative

  • None.

Filing Explained

Beyond the completed financing, this Form 6-K is incorporated by reference into the company’s F-3 and S-8 registration statements, while the attached press release is not incorporated into Securities Act filings unless expressly referenced.

Shares issued in Private Placement 20,000,000 Class B ordinary shares Issued to non-U.S. investors at closing on September 8, 2026
Purchase price per share US$0.40 per share Price for Class B ordinary shares in the private placement
Gross proceeds US$8.0 million Aggregate gross proceeds from the private placement, including USDT and USDC payments
Post-transaction Class B shares outstanding 28,542,617 shares Total Class B ordinary shares issued and outstanding immediately after closing
Pre-transaction Class B shares outstanding 8,542,617 shares Class B ordinary shares outstanding immediately prior to the private placement
Par value per Class B share US$0.0024 per share Par value of the Class B ordinary shares issued in the private placement
Regulation S regulatory
"offered and sold in reliance on the exemption from registration provided by Regulation S"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
Section 4(a)(2) regulatory
"offered and sold in reliance on the exemption from registration provided by Regulation S and Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
restricted securities regulatory
"The Purchased Shares issued in the Private Placement are restricted securities and may not be resold"
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
digital asset reserve financial
"use the net proceeds for its digital assets reserve, working capital and general corporate purposes"
sovereign-scale technology platforms technical
"digital infrastructure holding company focused on building and operating sovereign-scale technology platforms"
Large digital systems built, controlled, or heavily supported at the national level that provide core services or infrastructure across an entire country—think of a country’s digital backbone or highway system for data and critical apps. They matter to investors because their scale, government ties and central role in commerce and security can create durable market positions, but also concentrate regulatory, political and operation risks that can sharply affect company value.

FAQ

What capital did TDTH raise in the September 2026 private placement?

Trident Digital Tech Holdings Ltd raised US$8.0 million in gross proceeds through a private placement of 20,000,000 Class B ordinary shares at US$0.40 per share, completed on September 8, 2026 with certain non-U.S. investors.

How many TDTH Class B shares are outstanding after the private placement?

After the private placement, Trident Digital Tech Holdings Ltd had 28,542,617 Class B ordinary shares issued and outstanding, comprising 8,542,617 shares outstanding immediately before closing and 20,000,000 new shares issued in the transaction.

What is the use of proceeds from TDTH’s US$8 million private placement?

Trident Digital Tech intends to use the net proceeds for its digital asset reserve, working capital and general corporate purposes, including executing its digital infrastructure, enterprise AI and government technology initiatives across Africa and the Asia-Pacific region.

How was the TDTH private placement structured under U.S. securities laws?

The shares were sold to non-U.S. persons in offshore transactions in reliance on Regulation S and, as described in the press release, Section 4(a)(2) of the Securities Act. The shares are restricted securities and cannot be offered or sold in the U.S. without registration or an exemption.

Did TDTH accept cryptocurrency in the September 2026 financing?

Yes. Purchasers could pay the purchase price in U.S. dollars, USDT, USDC or any combination thereof. USDT and USDC payments were valued at and treated as functionally equivalent to U.S. dollars on a 1:1 basis under the securities purchase agreement.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

Commission File Number: 001-41848

 

Trident Digital Tech Holdings Ltd

(Exact name of registrant as specified in its charter)

 

Suntec Tower 3,

8 Temasek Boulevard Road, #24-03

Singapore, 038988

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

Entry into Securities Purchase Agreement and Closing of Private Placement

 

On September 8, 2026, Trident Digital Tech Holdings Ltd (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers an aggregate of 20,000,000 Class B ordinary shares of the Company (the “Private Placement”), par value US$0.0024 per share (the “Shares”), at a purchase price of US$0.40 per Share, for aggregate gross proceeds of US$8.0 million (the “Purchase Price”). The Purchasers may pay the Purchase Price in U.S. dollars, Tether (“USDT”), USD Coin (“USDC”) or any combination thereof, in accordance with the terms of the Securities Purchase Agreement. The Securities Purchase Agreement contains customary representations, warranties and covenants of the Company and the Purchasers.

 

On September 8, 2026, the Company completed the closing of the Private Placement and issued an aggregate of 20,000,000 Shares to the Purchasers against payment of the Purchase Price. A portion of the purchase price was paid in USDT and USDC, each of which was valued at and treated as functionally equivalent to U.S. dollars on a 1:1 basis pursuant to the Securities Purchase Agreement. The Company currently intends to use the net proceeds from the Private Placement for its digital asset reserve, working capital and/or general corporate purposes.

 

The offer and sale of the Shares were made in offshore transactions to non-U.S. persons in reliance on the exemption from registration provided by Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the sale of the Shares, the Company relied on the representations of each Purchaser, including, as applicable, that such Purchaser is not a U.S. person and was acquiring the Shares in an offshore transaction in compliance with Regulation S. The Shares have not been registered under the Securities Act or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

 

The foregoing description of the Securities Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Securities Purchase Agreement, a form of copy of which is filed as Exhibit 10.1 to this Report on Form 6-K and incorporated herein by reference.

 

Immediately after the closing of the Private Placement, the Company had a total of 28,542,617 Class B ordinary shares issued and outstanding, including 20,000,000 Class B ordinary shares issued in the Private Placement.

 

On September 9, 2026, the Company issued a press release announcing the pricing and closing of the Private Placement. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.

 

Incorporation by Reference

 

This Report on Form 6-K is hereby incorporated by reference into (i) the registration statement on Form F-3 of the Company (File Number 333-298224), as amended, and (ii) the registration statements on Form S-8 of the Company (File Numbers 333-293439, 333-284116, and 333-292667), as amended, and into the prospectuses outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. The information in the attached Exhibit 99.1 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

Exhibit Index

 

Exhibit No.   Description
Exhibit 10.1   Form of Securities Purchase Agreement, dated September 8, 2026
Exhibit 99.1   Press Release, dated September 9, 2026

 

1

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Trident Digital Tech Holdings Ltd
     
  By: /s/ Soon Huat Lim
    Name: Soon Huat Lim
    Title: Chairman and Chief Executive Officer
     
Date: September 9, 2026    

 

2

 

Exhibit 99.1

 

Trident Digital Tech Holdings (Nasdaq: TDTH) Closes US$8 Million Private Placement to Fund Execution of Its Digital Infrastructure and Enterprise AI Strategy

 

SINGAPORE, September 9, 2026 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd. (Nasdaq: TDTH) (“Trident” or the “Company”), a Singapore-headquartered digital infrastructure and technology holding company, today announced the closing of a private placement of 20,000,000 Class B ordinary shares (the “Purchased Shares”) at a purchase price of US$0.40 per share, for aggregate gross proceeds of US$8.0 million (including purchases made in USDT and USDC) (the “Private Placement”).

 

The Private Placement was completed pursuant to a securities purchase agreement dated September 8, 2026. The Company intends to use the net proceeds for its digital assets reserve, working capital and general corporate purposes, including the continued execution of its digital infrastructure, enterprise AI and government technology initiatives across Africa and the Asia-Pacific region.

 

“This financing materially strengthens our balance sheet at an important stage of Trident’s transformation into a diversified digital infrastructure and AI holding company,” said Soon Huat Lim, Founder, Chairman and Chief Executive Officer of Trident. “Combined with the capital structure initiatives our shareholders approved in July, the new capital positions the Company to fund the execution of Ghana’s digital tax platform and the IRMA Asia joint venture.”

 

The Purchased Shares issued in the Private Placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and were offered and sold in reliance on the exemption from registration provided by Regulation S and Section 4(a)(2) under the Securities Act. The Purchased Shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Purchased Shares issued in the Private Placement are restricted securities and may not be resold except in compliance with applicable securities laws and applicable holding period requirements.

 

After the closing of the Private Placement, the Company had a total of 28,542,617 Class B ordinary shares issued and outstanding, comprising 8,542,617 Class B ordinary shares issued and outstanding immediately prior to the closing and 20,000,000 Class B ordinary shares issued in the Private Placement.

 

Further details of the Private Placement will be included in a Report on Form 6-K to be filed by the Company with the U.S. Securities and Exchange Commission.

 

About Trident Digital Tech Holdings Ltd.

 

Trident Digital Tech Holdings Ltd. (Nasdaq: TDTH) is a Singapore-headquartered digital infrastructure holding company focused on building and operating sovereign-scale technology platforms across emerging markets. The Company’s strategy centers on entering high-growth economies through trusted digital identity infrastructure and expanding across adjacent verticals spanning government technology, artificial intelligence, cybersecurity, digital commerce, agritech, and transaction-driven services. Trident’s active initiatives include national digital identity mandates, MSME digital tax formalization platforms, enterprise AI deployment, and cybersecurity solutions across Africa and the Asia-Pacific region. With active operations and strategic initiatives in Ghana and Asia-Pacific markets, Trident is positioning itself to capitalize on one of the world’s largest long-term opportunities in digital transformation infrastructure, enterprise AI deployment, and sovereign-scale technology modernization.

 

For more information, visit: https://tridentity.me

 

 

 

 

Forward-Looking Statements

 

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,” “targets,” “projects,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” “potential,” “continue,” 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. This announcement contains forward-looking statements regarding the Company’s strategic initiatives, expansion plans, projected market opportunities, anticipated platform adoption, onboarding targets, projected revenue opportunities, operational deployment expectations, platform scalability, monetization opportunities, AI integration opportunities, strategic partnerships, potential acquisitions, regulatory developments, government contracting processes, and future business performance.

 

Forward-looking statements involve inherent risks and uncertainties, many of which are beyond the Company’s control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: materialization and implementation of the Company’s strategic initiatives; potential adverse reactions or changes to business relationships; adverse changes in general economic or market conditions; any actions by third parties including government agencies; the expected growth of the digital solutions market; cybersecurity risks; the geopolitical, 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.

 

PR & Media Contact

 

Phoenix MGMT & Consulting

Press@PhoenixMGMTConsulting.com | 888-228-0122

 

Investor Relations Inquiries

 

Skyline Corporate Communications Group, LLC

Scott Powell, President

1177 Avenue of the Americas, 5th Floor, New York, New York 10036

Office: (646) 893-5835 | Email: investor@tridentity.me

 

 

 

Filing Exhibits & Attachments

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