Trident Digital Tech Faces May 7 Nasdaq Delisting After US$1 Bid Breach
Trident Digital Tech Holdings received an April 28, 2026 Nasdaq letter confirming its ADS closed below US$1.00 for 10 consecutive business days, breaching Listing Rule 5550(a)(2). The company faces May 7 suspension and delisting unless it appeals by May 5 and has pursued a 1-for-30 reverse share split.
1. Nasdaq Non-Compliance Notification
On April 28, 2026 Trident Digital Tech Holdings received notification from The Nasdaq Stock Market that its ADS had closed below US$1.00 for 10 consecutive business days, violating Listing Rule 5550(a)(2) which requires a minimum bid price of US$1.00 per share.
2. Suspension and Delisting Risk
Because the company fails to meet Listing Rule 5550(a)(2) and lacks the US$5 million equity and US$35 million market value thresholds, Nasdaq will suspend trading and file a Form 25-NSE to delist its securities effective May 7, 2026 unless an appeal is filed by May 5.
3. Hearing Appeal Plan
Trident intends to request a hearing before a Nasdaq Hearings Panel by the May 5 deadline. Filing this appeal will stay the suspension and delisting pending the panel’s decision on the company’s compliance plan.
4. Recent Compliance Actions
On April 24, 2026, the company executed a 1-for-30 reverse share split and adjusted its ADS to Class B share ratio from 1:8 to 1:240 in an effort to restore its ADS closing price above US$1.00 per share.