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Trident Digital Tech closes $15M stock offering

Investors paid the purchase price in USDC, USDT, or a combination, and gross proceeds totaled US$15,000,000 before offering expenses.

(Neutral)

Sentiment and the balance of points

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Form Type
6-K

Rhea-AI Filing Summary

Trident Digital Tech Holdings Ltd (TDTH) completed a registered direct offering of 30,000,000 Class B ordinary shares at US$0.50 per share. The company entered into the securities purchase agreement on September 27, 2026, and closed the offering on September 29, 2026.

At closing, Trident issued and sold the shares and received US$15,000,000 in gross proceeds before offering expenses. Investors paid in USDC, USDT, or a combination. The company intends to hold the USDT and/or USDC and may convert all or a portion into U.S. dollars or other fiat currency for its digital asset reserve, working capital and/or general corporate purposes. No underwriter or placement agent was involved, and no commissions or underwriting discounts were paid. Immediately after closing, 58,854,494 Class B and 208,333 Class A ordinary shares were issued and outstanding.

Class B ordinary shares sold 30,000,000 shares Registered direct offering closed September 29, 2026
Offering price US$0.50 per share Price for the Class B ordinary shares
Gross proceeds US$15,000,000 Before deducting offering expenses
Class B ordinary shares issued and outstanding 58,854,494 shares Immediately after the offering closed
Class A ordinary shares issued and outstanding 208,333 shares Immediately after the offering closed
registered direct offering financial
"in a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
shelf registration statement regulatory
"effective shelf registration statement on Form F-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
gross proceeds financial
"aggregate gross proceeds of US$15,000,000 before deducting offering expenses"
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many TDTH shares were sold in the registered direct offering, and at what price?

Trident Digital Tech Holdings Ltd sold 30,000,000 Class B ordinary shares at US$0.50 per share. The offering closed on September 29, 2026.

How much did TDTH receive from the registered direct offering?

Trident received US$15,000,000 in gross proceeds before offering expenses. Investors paid their purchase prices in USDC, USDT, or a combination.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

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 ☐

 

 

 

 

Registered Direct Offering

 

On September 27, 2026, Trident Digital Tech Holdings Ltd (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain investors (collectively, the “Investors”), pursuant to which the Company agreed to issue and sell, and the Investors agreed to purchase, in a registered direct offering (the “Offering”), an aggregate of 30,000,000 Class B ordinary shares, par value US$0.0024 per share (the “Class B Ordinary Shares”), at an offering price of US$0.50 per share.

 

The Class B Ordinary Shares were offered pursuant to the Company’s effective shelf registration statement on Form F-3 (File No. 333-298224), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 27, 2026, including the prospectus forming a part thereof, as supplemented by a prospectus supplement dated September 27, 2026 relating to the Offering.

 

On September 29, 2026, the Company completed the closing of the Offering in accordance with the terms and conditions set forth in the Securities Purchase Agreement. Upon the closing, the Company issued and sold an aggregate of 30,000,000 Class B Ordinary Shares and received aggregate gross proceeds of US$15,000,000 before deducting offering expenses. The Investors paid their respective purchase prices in USD Coin (“USDC”), Tether (“USDT”), or a combination thereof.

 

The Company intends to hold such USDT and/or USDC and may convert all or a portion thereof into U.S. dollars or other fiat currency for its digital asset reserve, working capital and/or general corporate purposes.

 

No underwriter or placement agent was involved in the Offering, and no commissions or underwriting discounts were paid in connection with the Offering.

 

The Securities Purchase Agreement contain customary representations and warranties, covenants, closing conditions and termination rights.

 

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

 

Immediately after the closing of the Offering, the Company had a total of 58,854,494 Class B ordinary shares and 208,333 Class A ordinary shares issued and outstanding.

 

Maples and Calder (Hong Kong) LLP, Cayman Islands counsel to the Company, delivered an opinion regarding the validity of the Class B Ordinary Shares issued and sold in the Offering, a copy of which is filed as Exhibit 5.1 to this Report on Form 6-K.

 

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.

 

Exhibit Index

 

Exhibit
Number
  Exhibit Title
5.1   Opinion of Maples and Calder (Hong Kong) LLP
10.1   Form of Securities Purchase Agreement by and between Trident Digital Tech Holdings Ltd and the Investors
23.1   Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)

 

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 30, 2026    

  

2

Filing Exhibits & Attachments

2 documents

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