Corporate ActionJul 8, 2026, 08:02 AM
Trident Digital Tech Shareholders Approve 1-for-240 Share Consolidation
AI Summary
Trident Digital Tech Holdings Ltd shareholders approved several corporate actions at an Extraordinary General Meeting. These include the redesignation of 60 million Class A and C ordinary shares to blank shares, and a significant increase in authorized share capital from US$50,000 to US$1,200,000, resulting in 120 billion total shares. The EGM also approved a 1-for-240 share consolidation, which will take effect after the mandatory exchange of ADSs for Class B ordinary shares, and adopted new corporate governance documents.
Key Highlights
- Shareholders approved redesignation of 60,000,000 Class A and C ordinary shares to blank shares.
- Authorized share capital increased from US$50,000 to US$1,200,000, expanding total shares from 5 billion to 120 billion.
- Approved a 1-for-240 share consolidation (reverse stock split) for all ordinary shares.
- Post-consolidation, authorized share capital is US$1,200,000 divided into 500,000,000 shares.
- Fractional shares will be rounded down if less than 0.5 and up if 0.5 or more; fractions less than 0.5 will be cancelled.
- Approved the Third Amended and Restated Memorandum and Articles of Association.
- Approved the Share Subscription Agreement and its contemplated transactions.
Price Impact
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