Authorization

Trident Acquisition Corp. clarifies amount to be placed in trust for three month extension is $0.15 per non-redeeming share

NEW YORK, May 26, 2020 /PRNewswire/ --A Trident Acquisitions Corp. (NASDAQ: TDACU, TDAC, TDACW) ("Trident"), a special purpose acquisition company, wishes to clarify that, if stockholders approve the amendment to Trident's certificate of incorporation at the stockholder's meeting to be held on May 28, 2020, Trident's insiders or their affiliates or designees must deposit $0.15 for each public share of common stock that has not been redeemed into the trust account for the three month extension.A  Trident was advised that Institutional Shareholder Services (ISS) previously issued a report that erroneously stated the amount that would be deposited would only be $500,000 in the aggregate.A 
Trident Acquisition Corp. clarifies amount to be placed in trust for three month extension is $0.15 per non-redeeming share
About Trident Acquisitions Corp.Trident is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.A  Trident's securities are quoted on the NASDAQ stock exchange under the ticker symbols TDACU, TDAC and TDACW.A  Important Notice Regarding Forward-Looking Statements
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