Trident Digital receives Nasdaq notice of non-compliance

Trident Digital (TDTH) has received a notification letter, dated May 13, from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that the minimum bid price per share of its securities was below $1.00 for a period of 32 consecutive business days and that the company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The notification letter has no immediate effect on the listing of the company’s securities, and the company’s securities continue to trade on Nasdaq under the symbol “TDTH”. The company intends to monitor the closing bid price of its securities and will consider its options in order to regain compliance with the Minimum Bid Price Requirement.