Trident Digital raises $8M via private placement of Class B shares

Trident Digital Tech Holdings Ltd. (Nasdaq: TDTH), a Singapore-based digital infrastructure company, announced the closing of a private placement of 20,000,000 Class B ordinary shares at $0.40 per share, raising $8.0 million in gross proceeds, according to a company statement.

The transaction, completed under a securities purchase agreement dated September 8, 2026, included purchases made in USDT and USDC. The shares were offered under exemptions from registration provided by Regulation S and Section 4(a)(2) of the Securities Act of 1933 and have not been registered with U.S. securities regulators.

The company said it plans to use the net proceeds for a digital assets reserve, working capital, and general corporate purposes, including digital infrastructure, enterprise AI, and government technology initiatives across Africa and the Asia-Pacific region.

Soon Huat Lim, Founder, Chairman and Chief Executive Officer, said the new capital "positions the Company to fund the execution of Ghana's digital tax platform and the IRMA Asia joint venture."

Following the closing, Trident had 28,542,617 Class B ordinary shares issued and outstanding, up from 8,542,617 prior to the placement. The company said it will file further details in a Report on Form 6-K with the U.S. Securities and Exchange Commission.

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