Trident Digital to implement ADS ratio change

Trident Digital (TDTH) announced that it plans to change the ratio of its American depositary shares to its Class B ordinary shares, par value $0.00001 per share, from the current ADS Ratio of one ADS to eight Class B ordinary shares to a new ADS Ratio of one ADS to 240 Class B ordinary shares. The company anticipates that the ADS ratio change will be effective on or about April 24. For the company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-thirty reverse ADS split.