Triterras Announces Final Court Approval of Previously Disclosed Settlement of Securities Class Action Litigation
Triterras Announces Final Court Approval of Previously Disclosed Settlement of Securities Class Action Litigation
SINGAPORE, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Triterras Inc. (OTC Expert Market: TRIRF) ("Triterras" or the "Company"), a leading fintech company focused on trade and trade finance, today reported that on September 8, 2022 the Company received final court approval to settle the securities class action lawsuit under the caption Erlandson v. Triterras, Inc., et al. (Civil Action No. 7:20-cv-10795-CS (S.D.N.Y.)). The settlement resolves all claims asserted against the Company and the other named defendants without any admission of liability or wrongdoing by the Company or any other defendant. Pursuant to the settlement, the Company made a $9 million payment, of which $4.25 million is expected to be covered by insurance payments.
新加坡,2022 年 9 月 9 日(GLOBE NEWSWIRE)— Triterras Inc. (场外交易专家市场:TRIRF) 专注于贸易和贸易融资的领先金融科技公司(“Triterras” 或 “公司”)今天报告说,2022年9月8日,该公司获得了法院的最终批准,以解决标题下的证券集体诉讼 Erlandson 诉 Triterras, Inc. 等人 (民事诉讼编号 7:20-CV-10795-CS(S.D.N.Y.))。该和解协议解决了对公司和其他指定被告提出的所有索赔,公司或任何其他被告均不承认任何责任或不当行为。根据和解协议,该公司支付了900万美元,其中425万美元预计将由保险款支付。
About Triterras
Triterras is a global fintech company co-headquartered in Singapore and Dubai and leading innovator of inclusive finance solutions for the world's micro, small and medium enterprises (MSMEs). The company launched and operates Kratos™—one of the world's largest digital financing platforms--to directly connect MSMEs with lenders online and source capital across commodity trading, supply chain, logistics, and ecommerce finance. For more information, please visit triterras.com or email us at contact@triterras.com.
关于 Triterras
Triterras是一家全球金融科技公司,总部位于新加坡和迪拜,是全球微型、小型和中型企业(MSME)普惠金融解决方案的领先创新者。该公司推出并运营Kratos™(全球最大的数字融资平台之一),旨在直接将微型企业与在线贷款人联系起来,并在大宗商品交易、供应链、物流和电子商务金融中获取资金。欲了解更多信息,请访问 triterras.com 或发送电子邮件至 contact@triterras.com。
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Triterras' actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include Triterras' expectations with respect to the Company's recovery of a portion of the settlement payment from its insurers. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Triterras' control and are difficult to predict. Factors that may cause such differences include but are not limited to the risks and uncertainties set forth under "Risk Factors" in Triterras' Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on June 28, 2022 and in Triterras' other filings with the SEC. Triterras cautions that the foregoing list of factors is not exclusive. Triterras cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Triterras does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as otherwise required by applicable law.
前瞻性陈述
本新闻稿包括1995年《私人证券诉讼改革法》“安全港” 条款所指的 “前瞻性陈述”。Triterras的实际业绩可能与他们的预期、估计和预测不同,因此,您不应依赖这些前瞻性陈述来预测未来事件。诸如 “期望”、“估计”、“项目”、“预算”、“预测”、“预期”、“打算”、“计划”、“可能”、“将”、“可以”、“应该”、“相信”、“预测”、“潜力”、“继续” 等词语以及类似的表达方式旨在识别此类前瞻性陈述。这些前瞻性陈述包括Triterras对公司从保险公司收回部分和解款的期望。这些前瞻性陈述涉及重大风险和不确定性,可能导致实际结果与预期结果存在重大差异。这些因素大多不在Triterras的控制范围内,很难预测。可能导致此类差异的因素包括但不限于Triterras于2022年6月28日向美国证券交易委员会(“SEC”)提交的20-F表格以及Triterras向美国证券交易委员会提交的其他文件中 “风险因素” 中列出的风险和不确定性。Triterras警告说,上述因素清单并不是排他性的。Triterras提醒读者不要过分依赖任何前瞻性陈述,这些陈述仅代表截至发表之日。除非适用法律另有要求,否则Triterras不承担或接受任何义务或承诺,即公开发布对任何前瞻性陈述的任何更新或修订,以反映其预期的任何变化或任何此类陈述所依据的事件、条件或情况的任何变化。
Investor Relations Contacts:
Jim Groh, Triterras Inc.
Mobile: +1 (678) 237-7101
Email: IR@triterras.com
投资者关系联系人:
吉姆·格罗,Triterras Inc.
手机:+1 (678) 237-7101
电子邮件:IR@triterras.com
Gateway Investor Relations
Matt Glover and Jeff Grampp, CFA
Office: +1 (949) 574-3860
Email: TRIT@gatewayir.com
Gateway投资者关系
马特·格洛弗和杰夫·格兰普,CFA
办公室:+1 (949) 574-3860
电子邮件:TRIT@gatewayir.com
Media Contacts:
Gregory Papajohn, Office of Corporate Communications, Triterras, Inc.
Mobile: +1 (917) 287-3626
Email: press@triterras.com
媒体联系人:
Gregory Papajohn,Triterras, Inc. 企业传播办公室
手机:+1 (917) 287-3626
电子邮件:press@triterras.com