Trident to Implement April 24 One-for-30 Reverse ADS Split to 1:240 Ratio
Trident Digital Tech Holdings will execute a one-for-thirty reverse ADS split on April 24, 2026, adjusting the ADS-to-Class B share ratio from 1:8 to 1:240 with automatic exchange of existing ADSs. Fractional entitlements will be aggregated and sold, with net proceeds distributed and no change to underlying Class B shares or the Nasdaq symbol.
1. ADS Ratio Change Implementation
Trident will effectuate the ADS ratio change on April 24, 2026, moving from one ADS per eight Class B ordinary shares to one ADS per 240 shares, equivalent to a one-for-thirty reverse ADS split. This adjustment will apply to all ADS holders in the Direct Registration System and The Depository Trust Company.
2. Automatic Exchange and Fractional Entitlements
Existing ADSs will be automatically exchanged by the depositary bank, requiring no action from holders. No fractional ADSs will be issued; instead, fractional entitlements will be aggregated, sold, and net cash proceeds distributed to applicable holders after fees, taxes, and expenses.
3. Underlying Shares and Trading Remains Unchanged
The ADS Ratio Change does not alter the Company’s underlying Class B ordinary shares, and no shares will be issued or cancelled. The ADSs will continue trading under the same symbol on the Nasdaq Capital Market with unchanged terms.