Trident Digital Tech Holdings Ltd. (NASDAQ: TDTH) announced on March 27, 2025, that its board of directors authorized a share repurchase program of up to US$1,000,000 of its Class B ordinary shares, in the form of American depositary shares. The program is set to commence from April 27, 2025, and will run for 12 months, subject to relevant rules and the company's insider trading policy.
Repurchases may occur from time to time on the open market at prevailing market prices, in open-market transactions or block trades, and/or through other legally permissible means, depending on market conditions. The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act.
The company expects to fund repurchases using existing funds and aims to generate greater long-term returns for its shareholders through this program. The board will periodically review the program and may authorize adjustments to its terms and size or suspend or discontinue the program.
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