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Correspondence 0001213900-23-083009 from Trident Digital Tech Holdings Ltd (TDTH)

Trident Digital Tech Holdings Ltd
Date: Nov. 3, 2023 · CIK: 0001983550 · Accession: 0001213900-23-083009

AI Filing Summary & Sentiment

Referenced dates: October 25, 2023

Date
November 3, 2023
Author
/s/ Stephanie Tang
Form
CORRESP
Company
Trident Digital Tech Holdings Ltd

Letter

VIA EDGAR Mr. Stephen Kim Ms. Angela Lumley Division of Corporation Finance Office of Trade & Service U.S. Securities and Exchange Commission 100 F Street,N.E. Washington, D.C. 20549 Re: Trident Digital Tech Holdings Ltd (CIK No. 0001983550) Registration Statement on Form F-1

Dear Mr. Kim and Ms. Lumley,

On behalf of our client, Trident Digital Tech Holdings Ltd, a company organized under the laws of the Cayman Islands (the “Company”), we are filing herewith Amendment No. 2 to the Company’s registration statement on Form F-1 (the “Registration Statement”) containing a preliminary prospectus with an estimated price range and certain exhibits via EDGAR with the Securities and Exchange Commission (the “Commission”).

Concurrently with the filing of the Registration Statement, the Company is hereby in this letter setting forth the Company’s responses to the comments contained in the letter from the Staff dated October 25, 2023. The Staff’s comments are repeated below in bold and are followed by the Company’s responses. We have included page references in the Registration Statement where the language addressing the comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Registration Statement.

Partners

M Lin

O Chan

D Y C So

C J Dobby

M D R Parsons

N W O Tang

E I Low*

J P Kwan

S K S Li

L H S Leung

A J McGinty

J E M Leitch

B A Phillips

T Liu

Counsel

A D E Cobden

J S F Yim

J Leung

D Lau

S Suen

J Cheng

Foreign Legal

Consultants

S Tang

(New York, USA)

B Kostrzewa

(District of Columbia, USA)

*Notary Public

Dilution, page 40

1. It appears your presentation of net tangible book value of $5.46M is inconsistent with the actual net tangible book value of ($3.23)M at June 30, 2023. Please revise your dilution table to present net tangible book value and net tangible book value per share, including shares outstanding for the actual balance at June 30, 2023, actual as adjusted balance and the pro forma as adjusted balance.

In response to the Staff’s comment, the Company has revised the disclosure on pages 40 and 41 of the Registration Statement.

Hogan Lovells is an affiliated business of Hogan Lovells International LLP, a limited liability partnership registered in England and Wales.

Hogan Lovells is part of an international legal practice that includes Hogan Lovells International LLP, Hogan Lovells US LLP and their affiliated businesses, with offices in: Alicante Amsterdam Baltimore Beijing Birmingham Boston Brussels Colorado Springs Denver Dubai Dublin Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston Johannesburg London Los Angeles Luxembourg Madrid Mexico City Miami Milan Minneapolis Monterrey Munich New York Northern Virginia Paris Philadelphia Rome San Francisco São Paulo Shanghai Silicon Valley Singapore Sydney Tokyo Warsaw Washington, D.C. Associated Offices: Budapest Jakarta Riyadh Shanghai FTZ. Business Services Centers: Johannesburg Louisville. Legal Services Center: Berlin.

The word “partner” is used to describe a partner or member of Hogan Lovells International LLP, Hogan Lovells US LLP or any of their affiliated entities or any employee or consultant with equivalent standing. Certain individuals, who are designated as partners, but who are not members of Hogan Lovells International LLP, do not hold qualifications equivalent to members. For more information about Hogan Lovells, the partners and their qualifications, see www.hoganlovells.com.

Hogan Lovells is a member of the Pacific Rim Advisory Council with member offices in: Argentina Australia Brazil Canada Chile China (Mainland) Colombia France Hong Kong India Indonesia Japan Korea Malaysia Mexico Netherlands New Zealand Peru Philippines Singapore Taiwan Thailand USA Venezuela.

General

2. We note your response to prior comment 2 and your revised disclosure. Where you discuss your status as a controlled company, please state, if true, that Mr. Lim will have the ability to determine all matters requiring approval by stockholders, and clarify whether, in the event you were to lose your controlled company status, you could still rely on applicable NYSE or Nasdaq rules permitting foreign private issuers to follow their home country requirements concerning corporate governance issues, including specifically whether a majority of the board of directors must be independent.

In response to the Staff’s comment, the Company has revised the disclosure on the cover page and pages 4, 5 and 31 of the Registration Statement.

Should you have any questions regarding the Registration Statement, please contact me by telephone at (852) 2840 5026 (office) or via email at stephanie.tang@hoganlovells.com. Questions relating to accounting and auditing matters of the Company may also be directed to Chris Zhao, partner at Marcum Asia CPAs LLP (“Marcum”), by telephone at (86) 139 2605 0901 or via email at chris.zhao@marumasia.com. Marcum is the independent registered public accounting firm of the Company.

Sincerely yours,
/s/ Stephanie Tang

Show Raw Text
CORRESP
1
filename1.htm

    霍金路偉律師行

    Hogan Lovells

    11th Floor, One Pacific Place

    88 Queensway

    Hong Kong

    霍金路偉律師行

    香港金鐘道88號

    太古廣場一座11樓

    T   電話
    +852 2219 0888

    F   傳真
    +852 2219 0222

    DX No 225017 Wanchai 1

    www.hoganlovells.com

November 3, 2023

    VIA EDGAR

                                                                   Mr. Stephen Kim

Ms. Angela Lumley
 Division of Corporation Finance
 Office of Trade & Service
 U.S. Securities and
Exchange Commission
 100 F Street,N.E.
 Washington, D.C. 20549

Re: Trident Digital Tech Holdings Ltd (CIK No. 0001983550)

                                                                                Registration Statement on Form F-1

Dear Mr. Kim and Ms. Lumley,

    On behalf of our client, Trident Digital Tech
    Holdings Ltd, a company organized under the laws of the Cayman Islands (the “Company”), we are filing herewith Amendment
    No. 2 to the Company’s registration statement on Form F-1 (the “Registration Statement”) containing a preliminary
    prospectus with an estimated price range and certain exhibits via EDGAR with the Securities and Exchange Commission (the “Commission”).

    Concurrently with the filing of the Registration
    Statement, the Company is hereby in this letter setting forth the Company’s responses to the comments contained in the letter from
    the Staff dated October 25, 2023. The Staff’s comments are repeated below in bold and are followed by the Company’s responses.
    We have included page references in the Registration Statement where the language addressing the comment appears. Capitalized terms used
    but not otherwise defined herein have the meanings set forth in the Registration Statement.

    Partners

    M Lin

    O Chan

    D Y C So

    C J Dobby

    M D R Parsons

    N W O Tang

    E I Low*

    J P Kwan

    S K S Li

    L H S Leung

    A J McGinty

    J E M Leitch

    B A Phillips

    T Liu

    Counsel

    A D E Cobden

    J S F Yim

    J Leung

    D Lau

    S Suen

    J Cheng

    Foreign Legal

    Consultants

    S Tang

    (New York, USA)

    B Kostrzewa

    (District of Columbia, USA)

    *Notary Public

Dilution,
page 40

    1.
    It appears your presentation of net tangible book value of $5.46M is inconsistent with
the actual net tangible book value of ($3.23)M at June 30, 2023. Please revise your dilution table to present net tangible book value
and net tangible book value per share, including shares outstanding for the actual balance at June 30, 2023, actual as adjusted balance
and the pro forma as adjusted balance.

In response to the Staff’s comment,
the Company has revised the disclosure on pages 40 and 41 of the Registration Statement.

Hogan
Lovells is an affiliated business of Hogan Lovells International LLP, a limited liability partnership registered in England and Wales.

Hogan
Lovells is part of an international legal practice that includes Hogan Lovells International LLP, Hogan Lovells US LLP and their
affiliated businesses, with offices in: Alicante Amsterdam Baltimore Beijing Birmingham Boston Brussels Colorado Springs Denver
Dubai Dublin Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston Johannesburg London Los Angeles
Luxembourg Madrid Mexico City Miami Milan Minneapolis Monterrey Munich New York Northern Virginia Paris Philadelphia Rome
San Francisco São Paulo Shanghai Silicon Valley Singapore Sydney Tokyo Warsaw Washington, D.C. Associated Offices:
Budapest Jakarta Riyadh Shanghai FTZ. Business Services Centers: Johannesburg Louisville. Legal Services Center: Berlin.

The
word “partner” is used to describe a partner or member of Hogan Lovells International LLP, Hogan Lovells US LLP or any
of their affiliated entities or any employee or consultant with equivalent standing. Certain individuals, who are designated as partners,
but who are not members of Hogan Lovells International LLP, do not hold qualifications equivalent to members. For more information about
Hogan Lovells, the partners and their qualifications, see www.hoganlovells.com.

Hogan
Lovells is a member of the Pacific Rim Advisory Council with member offices in: Argentina Australia Brazil Canada Chile China (Mainland)
Colombia France Hong Kong India Indonesia Japan Korea Malaysia Mexico Netherlands New Zealand Peru Philippines Singapore Taiwan
Thailand USA Venezuela.

General

    2.
    We note your response to prior comment 2 and your revised disclosure.
Where you discuss your status as a controlled company, please state, if true, that Mr. Lim will have the ability to determine all matters
requiring approval by stockholders, and clarify whether, in the event you were to lose your controlled company status, you could still
rely on applicable NYSE or Nasdaq rules permitting foreign private issuers to follow their home country requirements concerning corporate
governance issues, including specifically whether a majority of the board of directors must be independent.

In response to the Staff’s comment, the
Company has revised the disclosure on the cover page and pages 4, 5 and 31 of the Registration Statement.

Should
you have any questions regarding the Registration Statement, please contact me by telephone at (852) 2840 5026 (office) or via email at stephanie.tang@hoganlovells.com.
Questions relating to accounting and auditing matters of the Company may also be directed to Chris Zhao, partner at Marcum Asia CPAs LLP
(“Marcum”), by telephone at (86) 139 2605 0901 or via email at chris.zhao@marumasia.com. Marcum is the independent registered
public accounting firm of the Company.

Sincerely yours,

    /s/ Stephanie Tang

    Stephanie Tang

Enclosures

    CC:

    Soon Huat Lim, Chief Executive Officer, Trident Digital
    Tech Holdings Ltd

    Chris Zhao, Partner, Marcum Asia CPAs LLP

    Ross David Carmel, Esq., Partner, Sichenzia Ross
    Ference Carmel LLP

    Barry P. Biggar, Esq., Partner, Sichenzia Ross Ference
    Carmel LLP