Law Offices of Howard G. Smith reminds investors of the upcoming February 19, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Triterras, Inc. ("Triterras" or the "Company") f/k/a Netfin Acquisition Corp. ("Netfin") (NASDAQ: TRIT, TRITW) securities between August 20, 2020 and December 16, 2020 , inclusive (the "Class Period").
Investors suffering losses on their Triterras investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
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. ("Triterras Fintech"), which closed on November 11, 2020 (the "Merger").
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.
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.
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.
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.
If you purchased or otherwise acquired Triterras securities during the Class Period, you may move the Court no later than February 19, 2021 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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霍华德·G·史密斯的律师事务所提醒投资者,即将到来的2021年2月19日的最后期限是代表在2020年8月20日至2020年12月16日期间(包括在内)购买Triterras,Inc.(“Triterras”或“公司”)f/k/a Netfin Acquisition Corp.(“Netfin”)(纳斯达克市场代码:TRIT,TRITW)证券的投资者提交主要原告动议。
鼓励投资者在他们的Triterras投资中遭受损失,联系霍华德·G·史密斯律师事务所,讨论他们在这起集体诉讼中的合法权利,电话:888-638-4847,或发电子邮件至howardsmith@howardsmithlaw.com。
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,将大宗商品交易员与直接在线交易和从贷款人那里获得资金联系起来。Triterras由Netfin和Triterras金融科技私人有限公司合并而成。(“金融科技”),于2020年11月11日结束(“合并”)。
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。
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。
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。
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。
如果您在授课期间购买或以其他方式收购了Triterras证券,您可以不迟于2021年2月19日向法院提出申请,要求法院指定您为主要原告,如果您符合某些法律要求的话。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。如果您希望了解更多关于这起集体诉讼的信息,或者您对此声明或您对这些事项的权利或利益有任何疑问,请联系霍华德·G·史密斯律师事务所霍华德·G·史密斯律师事务所的霍华德·G·史密斯,3070Bristol Pike,Suit112,Bensalem,Pennsylvania 19020,电话:(215)638-4847,免费电话:(888)638-4847,或通过电子邮件发送至howardsmith@howardsmithlaw.com,或访问我们的网站
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