SplitApr 21, 2026, 06:02 AM
Trident Digital Tech to Effect 1-for-30 Reverse ADS Split
AI Summary
Trident Digital Tech Holdings Ltd (TDTH) announced an ADS ratio change effective April 24, 2026. The new ratio will be one ADS to 240 Class B ordinary shares, equivalent to a one-for-thirty reverse ADS split. Existing ADS holders will have their shares automatically exchanged, with fractional entitlements sold for cash. The company's ADSs will continue trading on Nasdaq under "TDTH", and the change will not impact the underlying Class B ordinary shares.
Key Highlights
- New ADS ratio: 1 ADS to 240 Class B ordinary shares.
- Equivalent to a 1-for-30 reverse ADS split.
- Effective date: April 24, 2026.
- No fractional new ADSs issued; cash proceeds for entitlements.
- No impact on underlying Class B ordinary shares.