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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f/k/a Netfin Acquisition Corp. (TRIT) (TRITW)

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Triterras, Inc. f/k/a Netfin Acquisition Corp. (TRIT) (TRITW)

Glancy Pronay&Murray LLP提醒投资者,针对Triterras,Inc.f/k/a Netfin Acquisition Corp.(TRIT)(TRITW)的集体诉讼的最后期限迫在眉睫。
Business Wire ·  2020/12/29 04:08

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcomingFebruary 19, 2021deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Triterras, Inc. (“Triterras” or the “Company”) f/k/a Netfin Acquisition Corp. (“Netfin”) (NASDAQ: TRIT , TRITW ) securities betweenAugust 20, 2020 and December 16, 2020, inclusive (the “Class Period”).

Glancy Pronay&Murray LLP(简称GPM)提醒投资者注意即将到来的2021年2月19日在代表购买或以其他方式收购的投资者提起的集体诉讼中提交主要原告动议的最后期限Triterras,Inc.。(“Triterras”或“Company”)f/k/aNetfin收购公司。(“Netfin”)(纳斯达克:TRIT,TRITW)之间的证券2020年8月20日和2020年12月16日,(含)(“上课时间”)。

If you suffered a loss on your Triterras investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/triterras-inc/ . You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

如果您在Triterras的投资中遭受损失,或者想询问根据联邦证券法可能提出索赔以追回您的损失,您可以在https://www.glancylaw.com/cases/triterras-inc/提交您的联系信息。您也可以联系GPM的查尔斯·H·莱因汉(310-201-9150),免费电话888-773-9224,或通过电子邮件Holders@glancylaw.com了解更多有关您的权利的信息。

Triterras is a fintech company focused on trade and trade finance. It operates Kratos, a commodity trading and trade finance platform that connects commodity traders to trade and source capital from lenders directly online. Triterras formed via merger of Netfin and Triterras Fintech Pte. Ltd., which closed on November 11, 2020.

Triterras是一家专注于贸易和贸易融资的金融科技公司。它运营着Kratos,这是一个大宗商品交易和贸易融资平台,将大宗商品交易者与贸易和来源资本直接从网上贷款人那里。Triterras由Netfin和Triterras金融科技私人有限公司合并而成。Ltd.,于2020年11月11日关闭。

Rhodium Resources Pte. Ltd. (“Rhodium”) is a commodity trading business controlled by Srinivas Koneru, the Company’s Chief Executive Officer (“CEO”). Rhodium enabled the launch of the Kratos platform, and substantially all of the Company’s users were referred to it by Rhodium.

铑资源私人有限公司(Rhodium Resources Pte.)Rhodium是一家由公司首席执行官Srinivas Koneru(“CEO”)控制的商品交易业务。Rhodium促成了Kratos平台的推出,公司的几乎所有用户都被Rhodium推荐到该平台。

On December 17, 2020, Triterras stated that Rhodium was seeking a moratorium to shield itself from creditor actions while it planned a restructuring of its debts and continue its business as a going concern.

2020年12月17日,Triterras表示,Rhodium正在寻求暂停,以保护自己免受债权人行动的影响,同时计划重组债务,并继续作为一家持续经营的企业开展业务。

On this news, the Company’s share price fell $4.11, or 31%, to close at $9.09 per share on December 17, 2020, on unusually heavy trading volume. The Company’s warrant price fell $1.09, or 35%, to close at $2.01 per warrant on December 17, 2020, on unusually heavy trading volume.

受此消息影响,该公司股价在2020年12月17日下跌4.11美元或31%,收于每股9.09美元,成交量异常巨大。该公司权证价格在2020年12月17日下跌1.09美元或35%,收报每份权证2.01美元,成交量异常旺盛。

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the extent to which Company’s revenue growth relied on Triterras’ relationship with Rhodium to refer users to the Kratos platform; (2) that Rhodium faced significant financial liabilities that jeopardized its ability to continue as a going concern; (3) that, as a result, Rhodium was likely to refer fewer users to the Company’s Kratos platform; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

在这起集体诉讼中提起的申诉称,在整个集体期间,被告作出了重大虚假和/或误导性陈述,并未能披露有关公司业务、运营和前景的重大不利事实。具体地说,被告没有向投资者披露:(1)公司的收入增长在多大程度上依赖Triterras与Rhodium的关系将用户推荐到Kratos平台;(2)Rhodium面临重大财务责任,危及其作为持续经营企业的持续经营能力;(3)因此,Rhodium可能会将更少的用户推荐到公司的Kratos平台;以及(4)由于上述情况,被告对公司业务的积极评价。

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If you purchased or otherwise acquired Triterras securities during the Class Period, you may move the Court no later thanFebruary 19, 2021to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com , or visit our website at www.glancylaw.com . If you inquire by email please include your mailing address, telephone number and number of shares purchased.

如果您在上课期间购买或以其他方式获得Triterras证券,您可以在不晚于2021年2月19日请求被指定为这起可能的集体诉讼的主要原告。要成为集体诉讼的成员,你现在不需要采取任何行动;你可以保留你选择的律师,也可以不采取行动,继续作为集体诉讼的缺席成员。如果您想了解更多关于这起集体诉讼的信息,或者如果您对这一声明或您与这起未决的集体诉讼有关的权利或利益有任何疑问,请联系GPM公司的查尔斯·莱因汉,Esquire先生,地址:1925世纪公园东,2100Suite2100,洛杉矶,加利福尼亚州90067,电话:3102019150,免费电话:88887739224,电子邮件:holders@glancylaw.com,或访问我们的网站www.glancylaw.com。如果您通过电子邮件查询,请注明您的邮寄地址、电话号码和购买的股票数量。

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

根据适用的法律和道德规则,本新闻稿在某些司法管辖区可能被视为律师广告。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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