- Trident Digital Tech Holdings (TDTH, Financial) received two notifications from Nasdaq regarding non-compliance with listing requirements.
- The company's stock price has remained below $1.00 for 32 consecutive days and its market value of listed securities (MVLS) has fallen below $35 million.
- TDTH has until November 10, 2025, to meet the compliance requirements to avoid potential delisting.
Trident Digital Tech Holdings (TDTH) has been alerted by Nasdaq due to its failure to meet two key listing requirements. The first issue is that the company’s share price has been trading below $1.00 for 32 consecutive business days, failing to comply with the minimum bid price requirement set by Nasdaq. The second concern is related to the company's market value of listed securities (MVLS), which has dropped below the $35 million benchmark for 31 consecutive business days, falling short of the criteria outlined in Nasdaq Listing Rule 5550(b)(2).
To rectify these compliance issues, TDTH has been given until November 10, 2025. Within this timeframe, the company must maintain a closing bid price of at least $1.00 for ten consecutive trading days. Additionally, TDTH must achieve an MVLS greater than $35 million for the same duration to meet Nasdaq’s standards.
While these notifications do not lead to immediate delisting, they serve as a warning. If the company fails to regain compliance by the November deadline, it might receive an additional 180-day grace period to address the bid price concern, provided it meets other Nasdaq Capital Market listing standards. However, failure to comply with the MVLS requirement could trigger delisting proceedings.
TDTH is currently monitoring its stock performance closely and considering several strategic options, which may include a reverse stock split, to regain compliance. Despite these challenges, the company continues to trade on Nasdaq under the ticker "TDTH" and remains focused on its mission of digital transformation and innovation in the Web 3.0 space.
