India, March 27 -- Shares of Trident Digital Tech Holdings Ltd (TDTH) plunged over 60% after the company announced it has entered into a strategic collaboration agreement with two partners in the e-commerce sector. The company also announced $1 million share repurchase program.
TDTH is currently trading at $0.5900, down $0.9500 or 61.6883%, on the Nasdaq. The stock opened its trading at $1.8800 after closing Wednesday at $1.5400. The stock has traded between $0.5110 and $4.7400 in the past 52-week period.
According to the collaboration agreement, Trident will join forces with Silkoo Dutyfree Limited, an e-commerce retailer and import-export trader, and Haitu Trade Co., Limited, an e-commerce entity specializing in beauty and cosmetics, to...