JERSEY CITY, N.J.,
Sept. 11,
2024 /PRNewswire/ -- WallachBeth Capital LLC, a
leading provider of capital markets and institutional execution
services, announced Trident Digital Tech Holdings Ltd. (Nasdaq:
TDTH) ("Trident" or the "Company"), a leading digital
transformation enabler in the small and medium enterprise, or the
SME segment of the e-commerce enablement and digital optimization
services market in Singapore,
closed its previously announced initial public offering (the
"Offering") of 1,800,000 American Depositary Shares ("ADSs") at a
price to the public of US$5.00 per
ADS. Each ADS represents eight Class B Ordinary Shares of the
Company. Trident's ADSs began trading on the Nasdaq Capital Market
on September 10, 2024, under the
symbol "TDTH."
The Company raised a total of approximately US$9.0 million in gross proceeds from the
Offering, before deducting underwriting discounts and commissions
as well as other estimated offering expenses. In addition, the
Company has granted the underwriters an option, exercisable within
45 days from the date of the final prospectus, to purchase up to an
aggregate of 270,000 additional ADSs at the initial public offering
price.
WallachBeth Capital LLC acted as Lead Underwriter for the
Offering and Revere Securities LLC acted as the Co-Manager for the
Offering. The Underwriters were represented by Sichenzia Ross
Ference Carmel LLP.
A registration statement on Form F-1 (File No.: 333-274857)
relating to the Offering has been filed with, and declared
effective by, the United States Securities and Exchange Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
This offering is being made only by means of a prospectus
forming a part of the effective registration statement. A copy of
the final prospectus relating to the offering may be obtained, when
available, by contacting WallachBeth Capital, LLC at
cap-mkts@wallachbeth.com, or by telephone at (646) 237-8585.
About WallachBeth Capital LLC
WallachBeth Capital offers a robust range of capital markets and
investment banking services to the healthcare community, connecting
corporate clients with leading institutions, creating value for
both issuers and investors. The firm's experience includes initial
public offerings, follow-on issues, PIPE offerings, and private
transactions and ATM's.
Safe Harbor Statement
This press release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performances, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks, including, but not limited to, the
following: the Company's ability to achieve its goals and
strategies, the Company's future business development and plans for
future business development, including its financial conditions and
results of operations, product and service demand and acceptance,
reputation and brand, the impact of competition and pricing,
changes in technology, government regulations, fluctuations in
general economic and business conditions, and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the U.S. Securities
and Exchange Commission ("SEC"). For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, as
well as its current reports on Form 6-K and other filings, all of
which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
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SOURCE WallachBeth Capital LLC
