TDAC

Trident Acquisitions Corp

Halal Rating :
Uncomfortable
Last Price $0.3
Market Cap -
1D Change

0.0 %

1 Year Change

-86.12 %

Next Earnings Date

Yet to be announced

Company Overview

Trident Acquisitions Corp was a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The company has since completed its business combination with Lottery.com in October 2021. The stock is no longer trading under TDAC ticker.

Revenue Sources

Fail

Based on the business combination with Lottery.com, which operates a lottery platform and betting services, the company's primary revenue source would be derived from gambling activities, which are considered haram in Islamic finance.

Reliance on Interest

Fail
Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio

While the provided financial data shows zero interest income and expense for the reporting periods, this analysis is no longer relevant as the company has completed its business combination and no longer trades under TDAC.

Operational Ethics

Fail

There is insufficient information to determine any significant associations with human rights violators like the state of Israel or the Chinese Communist Party.

Rating Justification

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