Trident Digital (TDTH) Tech Holdings announced its plan to terminate the amended and restated Deposit Agreement dated September 11, 2024, as amended, by and among the Company, Citibank, and the holders of American depositary shares from time to time effective July 16. In connection with the Termination, the Company will hold an extraordinary general meeting of shareholders on July 8, 2026 at which its shareholders will vote on a redesignation of the Company’s share capital, an increase to the Company’s authorized share capital, as well as a 240-for-1 share consolidation of its ordinary shares, such that every two hundred and forty existing ordinary shares of par value of $0.00001 each will be consolidated into one ordinary share of par value of $0.0024 each, to take effect immediately following the completion of the mandatory exchange of all outstanding ADSs of the Company for the underlying Class B ordinary shares of the Company pursuant to the termination of the Deposit Agreement. Following the Mandatory Exchange, the Class B ordinary shares are anticipated to trade directly on the Nasdaq Capital Market under the current trading symbol “TDTH”.
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