Trident Digital Tech Holdings Ltd. (NASDAQ: TDTH) successfully completed a $2.6 million private placement of securities on September 17, 2025, with Chaince Securities LLC serving as the exclusive placement agent. The company entered into securities purchase and registration rights agreements with institutional investors for the issuance and sale of its Class B ordinary shares.
Gross proceeds from the offering were approximately $2.6 million, before deducting placement agent fees and expenses. This capital raise enhances the company's liquidity and provides funds for its ongoing strategic initiatives.
Trident intends to use the net proceeds from this offering for general corporate purposes, which may include technology development, potential acquisitions, and working capital. The successful completion of this private placement reinforces Chaince Securities' growing reputation as a premier execution partner for companies seeking institutional capital.
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