Onto Innovation Inc. shares rise 1.27% intraday after Trident's strategic investment in Web 3.0 e-commerce platform.

Onto Innovation Inc. rose 1.27% in intraday trading, with the company's stock price movement aligning with the recent news of Trident Digital Tech Holdings Ltd. entering into a definitive sales and purchase agreement to acquire a 30% equity stake in Tongxin Innovation Limited, operator of the innovative ToMe Web 3.0 e-commerce platform on Telegram. The proposed transaction, valued at approximately US$3 million, will be completed through the issuance of Trident’s ADSs in the form of Class B ordinary shares of Trident to Tongxin’s shareholders, and implies a total valuation of approximately US$10 million for Tongxin.