SINGAPORE, Might 01, 2026 (GLOBE NEWSWIRE) — Trident Virtual Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a number one catalyst for virtual transformation in generation optimization services and products and Internet 3.0 activation founded in Singapore, as of late introduced that it gained a letter dated April 28, 2026 from the List {Qualifications} Division of The Nasdaq Inventory Marketplace LLC (“Nasdaq”) notifying the Corporate that since its indexed securities didn’t have a remaining bid worth of no less than US$1.00 for no less than 10 consecutive trade days right through the 180 calendar days ended April 27, 2026, the Corporate has now not regained compliance with Nasdaq List Rule 5550(a)(2), which calls for indexed securities to deal with a minimal bid worth of US$1.00 consistent with percentage.
The Corporate isn’t eligible for a 2nd 180-day length to regain compliance with Nasdaq List Rule 5550(a)(2) for the reason that Corporate does now not agree to the United States$5,000,000 minimal stockholders’ fairness preliminary checklist requirement for the Nasdaq Capital Marketplace, and has gained a letter from Nasdaq on March 26, 2026 indicating that, founded upon the Corporate’s marketplace price of indexed securities for the 34 consecutive trade day length from February 5, 2026 thru March 20, 2026, the Corporate didn’t deal with the minimal marketplace price of indexed securities of US$35,000,000 required for persisted checklist at the Nasdaq Capital Marketplace pursuant to Nasdaq List Rule 5550(b)(2). The Corporate is afforded a length till September 22, 2026, through which to regain compliance with Nasdaq List Rule 5550(b)(2).
Accordingly, until the Corporate requests an attraction of Nasdaq’s choice to a Hearings Panel through Might 5, 2026, the Corporate’s securities will probably be scheduled for delisting from the Nasdaq Capital Marketplace and will probably be suspended on the opening of commercial on Might 7, 2026, and a Shape 25-NSE will probably be filed with the Securities and Change Fee, which is able to take away the Corporate’s securities from checklist and registration at the Nasdaq Capital Marketplace.
The Corporate intends to well timed request a listening to earlier than the Hearings Panel to provide its plan for regaining compliance with Nasdaq List Rule 5550(a)(2) and request persisted checklist pending its go back to compliance. A listening to request will keep the suspension of the Corporate’s securities and the submitting of the Shape 25-NSE pending the Hearings Panel’s resolution.
In reference to its plan to regain compliance, on April 7, 2026, the Corporate introduced its plan to modify the ratio of its ADS to Elegance B peculiar stocks from the former ratio of 1 (1) ADS to 8 (8) Elegance B peculiar stocks to a brand new ratio of 1 (1) ADS to 2 hundred and 40 (240) Elegance B peculiar stocks. Efficient April 24, 2026, the Corporate effected a 1-for-30 opposite percentage cut up.
About Trident
Trident is a number one catalyst for virtual transformation in virtual optimization, generation services and products, and Internet 3.0 activation international, founded in Singapore. The Corporate gives business and technological virtual answers designed to optimize its purchasers’ enjoy with their end-users through selling virtual adoption and self-service.
Tridentity, the Corporate’s flagship product, is an leading edge and extremely safe blockchain-based identification answer designed to supply safe unmarried sign-on authentication features to built-in third-party techniques throughout more than a few industries. Tridentity goals to provide remarkable safety features, making sure the security of delicate knowledge and combating possible threats, thus promising a brand new safe technology within the world virtual panorama usually, and in South Asia and so on.
Past Tridentity, the Corporate’s undertaking is to change into the worldwide chief in Internet 3.0 activation, particularly connecting companies to a competent and safe technological platform, with adapted and optimized buyer reports, with a robust center of attention on Africa and different top expansion markets. For more info, consult with: https://tridentity.me/
Protected Harbor Observation
This announcement incorporates statements that can represent “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Those forward-looking statements will also be recognized through terminology comparable to “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and identical statements. The Corporate might also make written or oral forward-looking statements in its periodic experiences to the U.S. Securities and Change Fee (the “SEC”), in its annual report back to shareholders, in bulletins and different written fabrics, and in oral statements made through its officials, administrators, or staff to 3rd events. Statements that aren’t historic details, together with statements in regards to the Corporate’s ideals, plans, and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of elements may additionally purpose precise effects to fluctuate materially from the ones contained in any forward-looking commentary, together with however now not restricted to the next: possible antagonistic reactions or adjustments to trade relationships; antagonistic adjustments usually financial or marketplace prerequisites; and movements through 0.33 events, together with govt businesses; the Corporate’s methods, long run trade building, and monetary situation and result of operations; the predicted expansion of the virtual answers marketplace; the political, financial, social and felony traits within the jurisdictions that the Corporate operates in or through which the Corporate intends to amplify its trade and operations; the Corporate’s talent to deal with and give a boost to its emblem. Additional knowledge referring to those and different dangers is incorporated within the Corporate’s filings with the SEC. All knowledge equipped on this announcement is as of the date of this announcement, and the Corporate does now not adopt any legal responsibility to replace any forward-looking commentary, with the exception of as required below acceptable regulation.
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