Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
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.
Exhibit 99.1
Trident Announces Termination of Deposit Agreement,
Concurrent Changes to Share Capital and
Direct Listing of Ordinary Shares
SINGAPORE, June 16, 2026 (GLOBE NEWSWIRE) -- Trident
Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a leading catalyst for digital transformation
in technology optimization services and Web 3.0 activation based in Singapore, today announced its plan to terminate the amended and restated
Deposit Agreement dated September 11, 2024, as amended, by and among the Company, Citibank, N.A. (the “Depositary”), and the
holders of American depositary shares (the “ADSs”) from time to time (the “Deposit Agreement”), effective July
16, 2026 (the “Termination”).
In connection with the Termination, the Company
will hold an extraordinary general meeting of shareholders on July 8, 2026 at which its shareholders will vote on a redesignation of the
Company’s share capital, an increase to the Company’s authorized share capital, as well as a 240-for-1 share consolidation
of its ordinary shares, such that every two hundred and forty (240) existing ordinary shares of par value of US$0.00001 each will be consolidated
into one (1) ordinary share of par value of US$0.0024 each (the “Share Consolidation”), to take effect immediately following
the completion of the mandatory exchange of all outstanding ADSs of the Company for the underlying Class B ordinary shares of the Company
pursuant to the termination of the Deposit Agreement.
The Depositary of the Company’s American
depositary receipts (the “ADRs”) will distribute to all holders and beneficial owners of the Company’s ADRs a notification
regarding the termination of the ADR facility for the Company’s ADSs pursuant to the Deposit Agreement. The effective date of the
termination of the Deposit Agreement will be July 16, 2026 (the “Effective Date”). On the Effective Date (with the Share Consolidation
being effective), holders of ADSs will have their ADSs automatically cancelled and will be entitled to receive the corresponding underlying
Class B ordinary shares, par value $US$0.0024 per share, at a rate of one (1) Class B ordinary share for each ADS cancelled (the “Mandatory
Exchange”).
Following the Mandatory Exchange, the Class B
ordinary shares are anticipated to trade directly on the Nasdaq Capital Market under the current trading symbol “TDTH”.
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 government technology, digital commerce, cybersecurity, AI, and transaction-driven service verticals.
TDTH’s active initiatives include national
digital identity infrastructure mandates, MSME digital tax formalization platforms, national digital commerce ecosystems, and enterprise
cybersecurity deployments spanning Africa and the Asia-Pacific region. Through strategic partnerships, joint ventures, acquisitions, and
technology-driven platform deployment, TDTH aims to establish scalable long-term digital infrastructure ecosystems serving both public
and private sector markets.
With active operations and strategic initiatives
in the Democratic Republic of Congo, Ghana, and Asia-Pacific markets, TDTH is positioning itself to capitalize on one of the largest global
opportunities in digital transformation infrastructure.
Website: 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
