- For the six months ended June 30, 2025, Trident Digital Tech Holdings Ltd reported **total revenues of US$36,612**, a **90.34% decrease** from US$378,839 in the prior year period, and a **net loss of US$11,271,548**, significantly higher than the US$1,927,027 net loss in the first half of 2024.  **[1983550_0001213900-25-090317_ea025768601ex99-3_trident.htm:0]** **[1983550_0001213900-25-090317_ea025768601ex99-2_trident.htm:2]** **[1983550_0001213900-25-090317_ea025768601ex99-3_trident.htm:3]** 
- The company's financial performance was impacted by a strategic shift, phasing out business consulting and re-allocating resources to its Tridentity platform and digital identity system, which led to a **US$6.9 million increase in non-employee share-based compensation** and higher research and development expenses for DRCPass.  **[1983550_0001213900-25-090317_ea025768601ex99-2_trident.htm:3]** **[1983550_0001213900-25-090317_ea025768601ex99-2_trident.htm:4]** 
- Due to recurring net losses and significant net cash used in operating activities, there is **substantial doubt about the Group's ability to continue as a going concern**.  **[1983550_0001213900-25-090317_ea025768601ex99-1_trident.htm:10]** 
- To address liquidity, the company secured **US$2.0 million in net proceeds from convertible promissory notes** in August 2025 and **US$2,374,566 in net proceeds from a PIPE transaction** in September 2025, alongside a financial support letter for up to SGD 8.0 million from its ultimate controller.  **[1983550_0001213900-25-090317_ea025768601ex99-2_trident.htm:5]** **[1983550_0001213900-25-090317_ea025768601ex99-1_trident.htm:19]**

Trident Digital Tech Holdings (TDTH)