Chaince Securities serves as placement agent for Trident's $2.6M offering

Chaince Securities LLC served as exclusive placement agent for Trident Digital Tech Holdings Ltd's (NASDAQ: TDTH) $2.6 million private placement of securities, the companies announced.

Trident entered into securities purchase and registration rights agreements with institutional investors for the issuance and sale of Class B ordinary shares, raising gross proceeds of approximately $2.6 million before deducting placement agent fees and expenses.

The Singapore-based technology company plans to use net proceeds for general corporate purposes, which may include technology development, potential acquisitions, and working capital, according to the announcement.

Under the registration rights agreement, Trident agreed to use commercially reasonable efforts to file a resale registration statement with the U.S. Securities and Exchange Commission within an agreed period following closing.

Chaince Securities is a FINRA-registered broker-dealer and subsidiary of Mercurity Fintech Holding Inc. (NASDAQ: MFH). The firm provides advisory, placement, and capital markets solutions with a focus on emerging growth companies.

Trident Digital Tech Holdings operates as a technology company focused on digital transformation in technology optimization and Web 3.0 activation. The company's flagship product, Tridentity, is a blockchain-based identity platform designed to deliver secure single-sign-on authentication across industries.

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