07:39 AM EDT, 08/18/2025 (MT Newswires) -- Trident Digital Tech ( TDTH ) said Monday that it has agreed to acquire a 30% equity stake in Tongxin Innovation for approximately $3 million.

Tongxin Innovation operates the ToMe Web 3.0 e-commerce platform on Telegram.

The company said the deal, which values Tongxin at approximately $10 million, will be completed by issuing Trident's American depositary shares through class B ordinary shares of Trident to Tongxin's shareholders.