RE: Semnet news - what are we expecting?7 Jan 2025 21:05
From RNS on October 15th
‘The Company is therefore pleased to announce the signing of a non-binding Memorandum of Understanding ("MOU") with Trident Global Capital Pte Ltd ("TGC"), led by its director, Soon Huat Lim, who also serves as the CEO of Nasdaq-listed Trident Digital Tech Holdings Ltd (NASDAQ:TDTH). The MOU outlines TGC's proposed role in guiding and assisting Semnet through strategic preparations for a potential listing on NASDAQ in the US. This includes TGC establishing a Cayman Islands-based holding company to manage Semnet's potential combination with other businesses, potential listing on NASDAQ and IPO-related expenses. Through this vehicle, TGC intends to raise up to US$15 million to facilitate a potential listing, in addition to any equity consideration for Semnet. Over the next three months, GST and TGC will work toward finalising a formal agreement, underscoring the importance of this partnership for both entities.‘