Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
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Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934 (Amendment No. 1)* |
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TRIDENT ACQUISITIONS CORP.
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(Name of Issuer)
Common Stock, par value $0.001
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(Title of Class of Securities)
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89615T106
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(CUSIP Number)
December 31, 2019
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this schedule is filed:
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[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 89615T106
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1.
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westchester Capital Management, LLC
27-3790558
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [X]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5.
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SOLE VOTING POWER
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758,014 shares
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6.
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SHARED VOTING POWER
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None
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7.
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SOLE DISPOSITIVE POWER
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758,014 shares
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8.
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SHARED DISPOSITIVE POWER
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None
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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758,014 shares
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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[ ]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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2.88%*
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12.
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TYPE OF REPORTING PERSON
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IA
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* Based on 26,306,250 Shares outstanding as of November 18, 2019, as reported in the Issuer’s Quarterly Report for the quarter ending September 30, 2019 filed with the Securities and Exchange Commission on November 18,
2019.
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CUSIP No. 89615T106
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1.
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westchester Capital Partners, LLC
13-3869675
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [X]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5.
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SOLE VOTING POWER
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28,253 shares
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6.
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SHARED VOTING POWER
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None
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7.
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SOLE DISPOSITIVE POWER
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28,253 shares
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8.
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SHARED DISPOSITIVE POWER
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None
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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28,253 shares
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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[ ]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.11%*
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12.
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TYPE OF REPORTING PERSON
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IA
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* Based on 26,306,250 Shares outstanding as of November 18, 2019, as reported in the Issuer’s Quarterly Report for the quarter ending September 30, 2019 filed with the Securities and Exchange Commission on November 18,
2019.
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CUSIP No. 89615T106
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Item 1(a).
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Name of Issuer
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The name of the issuer to which this filing on Schedule 13G relates is Trident Acquisition Corp. (the “Company”).
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Item 1(b).
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Address of Issuer’s Principal Executive Offices
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The principal executive offices of the Company are located at 77 Water Street, Fl8, New York, New York.
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Item 2(a).
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Name of Person Filing
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This statement is being filed jointly by the following (each, a "Reporting Person," and collectively, the "Reporting Persons"): Westchester Capital Management, LLC ("WCM"), a
Delaware limited liability company and Westchester Capital Partners LLC ("WCP"), a Delaware limited liability company.
WCM, a registered investment adviser, serves as investment advisor to each of The Merger Fund ("MF"), The Merger Fund VL (“MF VL”) and WCM Alternatives: Event-Driven Fund
("EDF"). WCP, a registered investment adviser, serves as investment advisor to WCM Master Trust ("Master Trust", together with MF, MF VL and EDF, the "Funds"). The Funds directly hold Common Stock for the benefit of the investors in those
Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of WCM and Co-Managers and members of WCP. Messrs. Behren and Shannon are indirect principal owners of WCM and WCP and may control WCM and WCP.
The Reporting Persons often make acquisitions in, and dispose of, securities of an issuer on the same terms and conditions and at the same time. Based on the foregoing and the
relationships described herein, these parties may be deemed to constitute a “group” for purposes of Section 13(g)(3) of the Act. The filing of this statement shall not be construed as an admission that the Reporting Persons are a group, or have
agreed to act as a group.
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Item 2(b).
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Address or Principal Business Office or, if none, Residence:
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100 Summit Drive, Valhalla, NY 10595
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Item 2(c).
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Citizenship
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Each of WCM and WCP are organized under the laws of the State of Delaware.
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Item 2(d).
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Title of Class of Securities
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The class of equity securities of the Company to which this filing on Schedule 13G relates is common stock, par value $0.001 per share (“Common Stock”).
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Item 2(e).
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CUSIP Number
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The CUSIP number for the Common Stock is 89615T106.
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CUSIP No. 89615T106
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Item 3.
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If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
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(c)
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[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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[ ] Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).
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(e)
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[X] An investment adviser in accordance with §13d-1(b)(1)(ii)(E).
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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[ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
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(j)
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[ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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[ ] If this statement is filed pursuant to §240.13d-1(c), check this box.
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Item 4.
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Ownership
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The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by reference. WCM as investment advisor to each of MF, MF VL and EDF
may be deemed to beneficially own shares of Common Stock held by MF, MF VL and EDF. WCP, as investment advisor to Master Trust may be deemed to beneficially own shares of Ordinary Shares held by the Master Trust. Messrs. Behren and Shannon each
serve as Co-Presidents of WCM and Co-Managers and members of WCP. By virtue of these relationships, WCM, WCP and Messrs. Behren and Shannon may be deemed to beneficially own the Common Stock held by the Funds, however, each of the Reporting
Persons and Messrs. Behren and Shannon disclaim beneficial ownership of such shares of Common Stock, except to the extent of their pecuniary interest therein. The filing of this Statement shall not be construed as an admission that the Reporting
Persons and Messrs. Behren and Shannon are, for the purpose of Section 13(g) of the Act, the beneficial owner of such shares held by the Funds.
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Item 5.
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Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of
securities, check the following [X].
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CUSIP No. 89615T106
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not Applicable.
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Item 7.
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Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company:
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Not Applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not Applicable.
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Item 9.
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Notice of Dissolution of Group
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Not Applicable.
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Item 10.
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Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that
purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
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CUSIP No. 89615T106
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2020
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WESTCHESTER CAPITAL MANAGEMENT, LLC
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By:
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/s/ Bruce Rubin
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Name: Bruce Rubin
Title: Chief Operating Officer |
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WESTCHESTER CAPITAL PARTNERS, LLC
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By:
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/s/ Bruce Rubin
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Name: Bruce Rubin
Title: Chief Compliance Officer
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CUSIP No. 89615T106
Exhibit AJOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any
and all amendments thereto) with respect to the common stock of Trident Acquisition Corp., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, being duly
authorized, hereby execute this Joint Filing Agreement as of February 14, 2020.
Dated: February 14, 2020
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WESTCHESTER CAPITAL MANAGEMENT, LLC
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By:
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/s/ Bruce Rubin
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Name: Bruce Rubin
Title: Chief Operating Officer
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WESTCHESTER CAPITAL PARTNERS, LLC
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By:
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/s/ Bruce Rubin
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Name: Bruce Rubin
Title: Chief Compliance Officer
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