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Trident Digital Tech faces delisting from Nasdaq unless it raises its stock price above $1.00 within 18 months.
Trident Digital Tech Holdings (TDTH) has been notified by Nasdaq that its stock closed below $1.00 per share for 30 consecutive business days, violating minimum bid price rules.
The company has until April 27, 2026, to regain compliance by maintaining a $1.00 closing bid for ten consecutive days.
If unmet, a 180-day extension may be granted if Trident meets other listing criteria and submits a cure plan, possibly involving a reverse stock split.
The company, based in Singapore, develops blockchain-based digital solutions like Tridentity and intends to monitor its stock and explore options to restore compliance.
Forward-looking statements include risks related to market, regulatory, and operational factors.
Trident Digital Tech se enfrenta a la exclusión de Nasdaq a menos que aumente su precio de las acciones por encima de $1.00 dentro de 18 meses.