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Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) announced it received a notification from the Nasdaq Stock Market on Tuesday stating that the company’s securities had closed below the minimum bid price of $1.00 per share for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2).
According to a statement released Friday, the notification does not immediately affect the listing of Trident Digital Tech’s shares, which will continue to trade on Nasdaq under the symbol TDTH.
The company has 180 calendar days, until April 27, 2026, to regain compliance with the minimum bid price requirement. If at any time during this period the closing bid price of the company’s shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will confirm compliance in writing and the matter will be closed.
If Trident Digital Tech does not meet the requirement by April 27, 2026, it may be eligible for an additional 180-day compliance period. To qualify, the company must satisfy all other initial listing standards for the Nasdaq Capital Market, except for the bid price rule, and notify Nasdaq of its intent to cure the deficiency, which may include a reverse stock split.
Trident Digital Tech stated it will monitor the closing bid price of its shares and consider its options to regain compliance.
This information is based on a press release statement included in the company’s recent SEC filing.
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