Trident (NS:TRIE) Digital Tech Holdings Ltd (NASDAQ:TDTH), a company specializing in technology optimization services and Web 3.0 activation with a market capitalization of $134.9 million, announced today the results of its extraordinary general meeting (EGM).
Shareholders voted in favor of expanding the company's 2023 Equity Incentive Plan, increasing the number of shares available for awards from 55 million to 137.5 million. The announcement comes as the stock has experienced significant volatility, declining nearly 45% over the past six months. InvestingPro analysis reveals 10+ additional insights about TDTH's market performance and valuation metrics.
The EGM, held today, was convened to seek approval from shareholders for amendments to the incentive plan, which was initially filed with the Securities and Exchange Commission on December 4, 2024. The approval signifies an increase of 82.5 million shares, which can now be awarded to eligible employees, consultants, and directors as part of the company's incentive programs.
Trident, headquartered in Singapore, operates within the business services sector and has been recognized for its role in driving digital transformation. The adoption of the amended Equity Incentive Plan is part of the company's strategy to attract, retain, and motivate talent by aligning their interests with those of shareholders through equity-based compensation.
The company's CEO and Chairman, Soon Huat Lim, authorized the report on behalf of Trident, underscoring the management’s commitment to corporate governance and shareholder engagement. The expansion of the Equity Incentive Plan is a move that reflects the company's ongoing efforts to incentivize performance and foster a culture of ownership among its key contributors.
This announcement is based on a press release statement and reflects the company's activities as of December 31, 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.