StocksMedium•12 November 2026•
1 min read
Trident Digital Tech Cuts $3M Debt via Founder Equity Conversion
Key Facts
1Trident Digital Tech announced the conversion of $3 million in debt owed to its founder into restricted Class B ordinary shares.
Trident Digital Tech announced the conversion of $3 million in debt owed to its founder, Chairman, and CEO, Soon Huat Lim, into restricted Class B ordinary shares. GlobeNewswire reported that the company issued 4,615,384 shares to execute the conversion agreement, effectively reducing its outstanding liabilities.
The conversion is intended to strengthen the company's balance sheet by eliminating debt without utilizing cash reserves. TDTH closed at $0.751 on November 11, 2026, having traded between a day low of $0.7221 and a high of $0.78 during that session.