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Trident Digital Returns as Title Sponsor of Singapore Comic Con 2025
Globenewswire· 2025-12-04 06:00
Core Insights - Trident Digital Tech Holdings Ltd. will serve as the Title Sponsor for Singapore Comic Con 2025, enhancing digital engagement and offering exclusive promotions [1][2][8] Group 1: Event Overview - Singapore Comic Con 2025 is set to be the largest edition since the pandemic, taking place on December 6-7, 2025, at Marina Bay Sands Expo & Convention Centre [2][9] - The event aims to deepen fan engagement and strengthen connections among attendees, creators, and merchants through an expanded range of digital-first experiences [2] Group 2: Tridentity Activations - Tridentity will introduce the Comic Con Quest, a pre-event trivia challenge that allows fans to earn points and win VIP passes and tickets [4] - Exclusive ticket bundles will be offered, combining SGCC tickets with added-value voucher packs [5] - An on-site interactive zone will feature daily lucky draws, exclusive giveaways for new app sign-ups, and merchant counters for live TriVoucher transactions [6] Group 3: Merchant Integration - Tridentity will collaborate with SGCC exhibitors to feature them in the Tridentity app, providing vouchers and discounts to drive foot traffic to their booths [7] - Special TriVoucher redemptions will be enabled throughout the event, enhancing the overall experience for attendees [7] Group 4: Company Vision - The CEO of Trident emphasized that returning as Title Sponsor allows the company to elevate fan engagement through innovative digital experiences, blending physical fandom with secure digital interactions [8]
Trident CTO to Share Customer Impact Insights at Tencent Cloud Day Singapore 2025
Globenewswire· 2025-11-06 09:30
Core Insights - Trident Digital Tech Pte Ltd is participating in Tencent Cloud Day Singapore 2025, highlighting its strategic partnership with Tencent Cloud focused on AI-powered enterprise transformation [1][2] - The partnership has enabled Trident to migrate its digital service operations to Tencent Cloud, incorporating metaverse solutions and enhancing its flagship product, Tridentity [3][4] Company Overview - Trident is a leader in digital transformation, specializing in technology optimization and Web 3.0 activation, with a mission to become a global leader in Web 3.0 enablement [6] - The company's flagship product, Tridentity, is a blockchain-based identity platform designed for secure single sign-on authentication across various industries [6] Event Details - The Tencent Cloud Day Singapore 2025 event will feature discussions on AI's impact on globalization, with Trident's CTO Leo Tan participating in a panel on enterprise digital transformation [2][5] - The event will include keynotes, customer success stories, and innovation showcases, focusing on various AI applications [5] Partnership Impact - The collaboration with Tencent Cloud has allowed Trident to utilize a comprehensive suite of products, aiming to serve millions of monthly active users by 2025 [4] - Trident's partnership has been transformative, particularly in delivering scalable digital identity solutions across Southeast Asia and Africa [4]
Nasdaq notification regarding minimum bid price requirement
Globenewswire· 2025-11-05 03:00
Core Points - Trident Digital Tech Holdings Ltd has received a notification from Nasdaq regarding its minimum bid price requirement, indicating that its share price has been below $1.00 for 30 consecutive business days [1][2] - The company has a compliance period of 180 calendar days, until April 27, 2026, to regain compliance with the minimum bid price requirement [3] - If compliance is not achieved by the deadline, Trident may be eligible for an additional 180-day grace period, provided it meets other listing requirements [4] - The company plans to monitor its share price and explore options to regain compliance [5] Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform [6] - The company's mission is to become a global leader in Web 3.0 enablement, particularly targeting Southern Africa and other high-growth markets [6]
Trident Digital Tech Holdings Ltd(TDTH) - Prospectus
2025-10-03 20:02
As Filed with the Securities and Exchange Commission on October 3, 2025. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Trident Digital Tech Holdings Ltd (Exact Name of Registrant as Specified in Its Charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7389 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (IRS Empl ...
Trident and OutDrive GP Partner to Support Grand Prix™ Season Singapore 2025
Globenewswire· 2025-09-30 12:30
Core Insights - Trident Digital Tech and OutDrive GP have formed a strategic partnership to enhance participation in the GPSS Apex League during the Grand Prix™ Season Singapore 2025 [1][2] - The GPSS Apex League will feature a public sim racing tournament and culminate in a Finals and Exhibition Race, showcasing professional drivers and top sim racers [3][4] Company Overview - Trident Digital Tech is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform [6] - OutDrive GP is a hybrid motorsport league that combines live and online events, engaging fans through participation with F1 drivers and celebrities [7] Event Details - The GPSS Apex League will take place from September 29 to October 3, 2025, at Clarke Quay Fountain Square, aiming to boost visibility and fan engagement [2][4] - Fans can register for the public tournament through Trident's digital platforms, which will also promote the event [4][5]
Trident Digital Tech Holdings Ltd(TDTH) - 2025 Q2 - Quarterly Report
2025-09-23 11:00
Financial Performance - For the six months ended June 30, 2025, net revenue decreased to $36,612 from $378,839 in the same period of 2024, representing a decline of approximately 90.3%[7] - Gross profit for the six months ended June 30, 2025, was $17,643, down from $18,449 in 2024, a decrease of about 4.4%[7] - The net loss for the six months ended June 30, 2025, was $11,271,548, significantly higher than the net loss of $1,927,027 in 2024, marking an increase of about 485.5%[7] - The Group reported a total comprehensive loss of $11,832,015 for the six months ended June 30, 2025, compared to a total comprehensive loss of $1,980,508 in 2024, an increase of approximately 497.5%[7] - Net cash used in operating activities was $3,649,470 for the six months ended June 30, 2025, up from $2,282,403 in 2024, indicating increased cash outflow[65] - Accumulated deficits reached $25,577,935 as of June 30, 2025, compared to $14,306,387 as of December 31, 2024, reflecting worsening financial health[65] Operating Expenses - Total operating expenses surged to $11,345,874 for the six months ended June 30, 2025, compared to $1,964,867 in 2024, reflecting an increase of approximately 478.5%[7] - Non-employee share-based compensation expenses amounted to $6,856,485 for the six months ended June 30, 2025, indicating significant investment in equity compensation[13] - Total accrued expenses and other current liabilities increased by 53.5% to $293,216 as of June 30, 2025, compared to $191,098 as of December 31, 2024[77] - Operating lease costs for the six months ended June 30, 2025, were $202,730, down 12% from $230,495 in the same period of 2024[78] - The Group's cash paid for operating leases was $185,800 for the six months ended June 30, 2025, compared to $280,738 in 2024, reflecting a decrease of 33.8%[79] Assets and Liabilities - Total assets decreased to $2,652,675 as of June 30, 2025, from $3,034,249 as of December 31, 2024, a decline of approximately 12.6%[4] - Total liabilities increased to $8,009,267 as of June 30, 2025, compared to $3,415,311 as of December 31, 2024, representing an increase of about 134.5%[4] - Cash at the end of the period was $184,618, down from $194,113 at the beginning of the period, a decrease of approximately 4.3%[13] - The Group's contract assets increased to $159,247 as of June 30, 2025, up from $138,740 as of December 31, 2024[45] - Deferred revenue rose to $543,849 as of June 30, 2025, compared to $409,654 as of December 31, 2024, indicating a growth of 32.7%[46] Shareholder Equity and Financing - The weighted average number of ordinary shares increased to 621,289,700 for the six months ended June 30, 2025, compared to 501,964,286 in 2024, an increase of about 23.7%[7] - The Group closed its initial public offering of 1,800,000 American Depositary Shares at a price of US$5.00 per ADS, raising a total of US$9.0 million, with net proceeds of approximately US$5.6 million[18] - The Company completed its initial public offering of 1,800,000 ADSs at US$5.00 per ADS, raising approximately US$5.6 million in net proceeds[107] - The Group received $2,374,566 in net proceeds from a private investment in public equity (PIPE) transaction in September 2025, aimed at alleviating liquidity pressure[69] - The Company entered into a Securities Purchase Agreement issuing convertible promissory notes totaling US$2.18 million and 14,295,000 Class B ordinary shares[118] Revenue Breakdown - The Group's total revenues for the six months ended June 30, 2025, were US$36,612, a decrease of 90.3% compared to US$378,839 for the same period in 2024[43] - Business consulting service revenue was US$0 for the six months ended June 30, 2025, compared to US$111,318 in 2024[43] - IT customization revenue decreased to US$22,106 in 2025 from US$265,649 in 2024, representing a decline of 91.7%[43] - Customer A and Customer B represented 47% and 39% of the Group's total revenue for the six months ended June 30, 2025, totaling 86%[111] - Supplier A represented 25% of the Group's total purchases for the six months ended June 30, 2025[112] Credit and Risk Management - Allowance for doubtful receivables was US$18,913 as of June 30, 2025, up from US$10,265 as of December 31, 2024[27] - The allowance for expected credit loss increased to $18,913 as of June 30, 2025, from $10,265 as of December 31, 2024, indicating higher anticipated credit risk[71] - The Group's accounts receivable, amounts due from related parties, and deposits are evaluated for expected credit losses using an aging schedule method[25] Future Outlook and Strategy - The Group's liquidity is under pressure, with cash of $184,618 and positive working capital of $11,092 as of June 30, 2025[66] - The Group plans to pursue private financing and develop new business initiatives in 2025 to generate sufficient profit and cash flow[69] - A strategic investment to acquire a 30% equity stake in Tongxin Innovation Limited was valued at approximately US$3 million, expanding Trident's Web 3.0 ecosystem[119] Miscellaneous - Valuation allowance for deferred tax assets was recorded at $3,244,738 as of June 30, 2025, reflecting management's assessment of future taxable income[50] - The Group reported a net operating loss carried forward of $18,711,663 as of June 30, 2025, which can be carried forward indefinitely[86] - The total borrowings as of June 30, 2025, included a principal amount of $314,490 from Maybank Singapore Limited, with an interest rate of 5.00%[88] - Interest expenses for the six months ended June 30, 2025, were $3,696, a decrease of 47.6% from $7,057 in 2024[88] - Research and development services provided to the Company by related parties amounted to $200,055 for the six months ended June 30, 2025[94] - The number of shares available for awards under the Amended and Restated 2023 Equity Incentive Plan increased from 55,000,000 to 137,500,000[95] - The fair value of consulting services provided by external consultants was determined to be US$27,348,750 for 99,000,000 Class B Ordinary Shares issued[96] - Share-based compensation expenses recognized for the six months ended June 30, 2025, amounted to US$6,856,485, with unrecognized compensation expenses of US$21,854,203[99] - As of June 30, 2025, 50,000,000 Class A ordinary shares and 603,864,286 Class B ordinary shares were issued and outstanding[108]
Trident Reports First Half 2025 Unaudited Financial Results
Globenewswire· 2025-09-23 11:00
Core Insights - Trident Digital Tech Holdings Ltd reported its unaudited financial results for the first half of 2025, highlighting a focus on strategic investments aimed at long-term value creation [2][7] - The company is positioning itself as a leader in the digital asset ecosystem, emphasizing the importance of bold actions for future infrastructure development [2][3] Financial Performance - Total revenues for the six months ended June 30, 2025, were $36,612, a significant decrease from $378,839 for the same period in 2024, representing a decline of approximately 90.3% [7][10] - Gross profit for the same period was $17,643, slightly down from $18,449 in 2024 [7][10] - The net loss for the first half of 2025 was $11,271,548, compared to a loss of $1,927,027 in the previous year, indicating a substantial increase in losses [10] Strategic Developments - On June 25, 2025, Trident signed a public-private partnership agreement with the Government of the Democratic Republic of Congo to deploy a national digital identification system called "DRCPass" [3] - On August 18, 2025, the company announced a definitive agreement to acquire a 30% equity stake in Tongxin Innovation Limited, enhancing its Web 3.0 ecosystem [4] Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform [5] - The company aims to connect organizations to secure digital infrastructure, particularly targeting high-growth markets in Southern Africa [5]
Chaince Securities LLC Serves as Exclusive Placement Agent in Trident Digital Tech Holdings' $2.6 Million Private Placement
Globenewswire· 2025-09-17 12:30
Core Insights - Chaince Securities LLC successfully completed its role as the exclusive placement agent for Trident Digital Tech Holdings Ltd in a $2.6 million private placement of securities [1][2][4] - Trident raised approximately $2.6 million in gross proceeds through the issuance and sale of Class B ordinary shares to institutional investors [2][3] - The net proceeds from this offering will be used for general corporate purposes, including technology development, potential acquisitions, and working capital [3] Company Overview - Chaince Securities LLC is a FINRA-registered broker-dealer and a subsidiary of Mercurity Fintech Holding Inc, focusing on providing advisory, placement, and capital markets solutions for emerging growth companies [6] - Trident Digital Tech Holdings Ltd is a Singapore-based technology company specializing in digital transformation and Web 3.0 activation, with its flagship product being a blockchain-based identity platform called Tridentity [7]
Trident Announces Completion of $2.6 Million PIPE Financing to Support Expansion and Development of DRC pass in Africa, Chaince Securities LLC acted as the Exclusive Placement Agent
Globenewswire· 2025-09-16 12:30
Company Overview - Trident Digital Tech Holdings Ltd. is a Singapore-based company focused on digital transformation and Web 3.0 activation [1][5] - The company's flagship product, Tridentity, is a blockchain-based identity platform aimed at providing secure single-sign-on authentication across various industries [5] Recent Developments - Trident successfully completed a Private Investment in Public Equity (PIPE) financing, raising approximately $2.6 million in gross proceeds, which will be used to support the expansion and commercialization of DRC pass in the Democratic Republic of Congo [1] - Chaince Securities LLC acted as the exclusive Placement Agent for this transaction, leveraging its expertise in bridging digital assets with U.S. capital markets [2] Market Demand and Strategy - There is a growing demand for secure, efficient, and inclusive financial solutions across Africa, which Trident aims to address by leveraging its Tridentity technology [3] - The financing is seen as a validation of the company's strategic direction and will provide resources to enhance its global presence in digital identity and electronic Know Your Customer (EKYC) solutions [4]
Trident's DRC Pass Digital Identity System Recognized at Africa Singapore Business Forum as Model for International Collaboration
Globenewswire· 2025-08-28 11:00
Core Insights - Trident Digital Tech Holdings Ltd. is implementing a nationwide digital identification system, DRC Pass, in partnership with the Democratic Republic of Congo, aimed at enhancing financial inclusion and public service delivery for over 110 million citizens [2][3][4] - The DRC Pass system is recognized as Africa's most ambitious Web 3.0 digital identity deployment, focusing on biometric-blockchain SIM card registration, single-sign-on access, digital payments, and centralized digital identity credentials [4][6] - The phased deployment of DRC Pass is underway, supported by a public education campaign to ensure widespread adoption [7] Company Overview - Trident is a leading catalyst for digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform designed for secure single-sign-on authentication [8] - The company aims to become a global leader in Web 3.0 enablement, focusing on Southern Africa and other high-growth markets [8] Strategic Importance - Minister Grace Fu highlighted the strategic importance of Singapore-Africa partnerships in driving digital transformation, encouraging businesses to explore new markets and contribute to Africa's growth [6]