Trident converts USD 3 million of founder debt into equity
TDTH•Trident Digital Tech converted USD 3 million of founder debt into 4,615,384 restricted Class B ordinary shares, bringing founder debt converted to equity in 2026 to USD 11 million.
1. Debt conversion
Trident Digital Tech converted USD 3 million of founder debt into 4,615,384 restricted Class B ordinary shares, eliminating the debt without using company cash and increasing shareholders' equity. The converted amount exceeded half of Founder and CEO Soon Huat Lim's approximately USD 5 million in loans outstanding on October 31, 2026. Total founder debt converted to equity in 2026 reached USD 11 million, including USD 8 million converted in July.
