Trident Digital receives noncompliance notification from Nasdaq

Trident Digital (TDTH) announced that it received a letter from Nasdaq notifying the company that since its listed securities did not have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days during the 180 calendar days ended April 27, the company has not regained compliance with Nasdaq Listing Rule 5550, which requires listed securities to maintain a minimum bid price of $1.00 per share. The company intends to timely request a hearing before the hearings panel to present its plan for regaining compliance with Nasdaq Listing Rule 5550 and request continued listing pending its return to compliance. A hearing request will stay the suspension of the company’s securities and the filing of the Form 25-NSE pending the Hearings Panel’s decision.