Netfin Acquisition Corp. and Triterras Fintech Pte. Ltd. Announce Closing of Business Combination
10 Novembro 2020 - 6:05PM
Netfin Acquisition Corp. (Nasdaq: NFIN,
NFINW) (“Netfin”) (“Netfin”) and Triterras Fintech Pte.
Ltd. (“Triterras Fintech”) jointly announced today that they have
closed their previously announced business combination (the
“business combination”). The business combination was approved at
an extraordinary general meeting of Netfin’s stockholders held
today.
Beginning on Wednesday, November 11, 2020, the
Class A ordinary shares and warrants of Triterras, Inc., the
post-combination company (“Triterras”), are expected to begin
trading on The Nasdaq Global Market under the ticker symbols “TRIT”
and “TRITW,” respectively. Netfin’s units, ordinary shares and
warrants will cease trading on the Nasdaq Capital Market today.
About
Triterras Fintech
Triterras Fintech is a leading fintech company
focused on trade and trade finance. It launched and operates
Kratos™—one of the world’s largest commodity trading and trade
finance platforms that connects and enables commodity traders to
trade and source capital from lenders directly online. For more
information, please visit triterras.com or email us at
contact@triterras.com.
About Netfin Acquisition
Corp.
Netfin Acquisition Corp. is a blank check
company incorporated for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses, focused
on the financial technology, technology and financial services
industries, including businesses engaged in commercial, online and
mobile banking and payments, trade finance and telecommunications,
that offer a differentiated technology platform and product suite
for interfacing with the financial services sector. For more
information, visit netfinspac.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. Netfin’s,
Triterras Fintech’s and 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, without limitation, Netfin’s, Triterras Fintech’s and
Triterras’ expectations with respect to future performance and
anticipated financial impacts of the business combination. 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 Netfin’s, Triterras Fintech’s and Triterras’ control and
are difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the inability to meet Nasdaq’s
listing requirements following the business combination; (2) the
impact of COVID-19 on Triterras; (3) the risk that the business
combination disrupts current plans and operations as a result of
the announcement and consummation of the business combination; (4)
the ability to recognize the anticipated benefits of the business
combination, which may be affected by, among other things,
competition and the ability of Triterras to grow and manage growth
profitably and retain its key employees; (5) costs related to the
business combination; (6) changes in applicable laws or
regulations; (7) the possibility that Triterras may be adversely
affected by other economic, business, and/or competitive factors;
and (8) other risks and uncertainties indicated from time to time
in the proxy statement/prospectus relating to the business
combination, including those under “Risk Factors”, and in
Triterras’ and Netfin’s other filings with the SEC. Investors are
cautioned that the foregoing list of factors is not exclusive and
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. Netfin, Triterras Fintech and
Triterras do 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.
Triterras/Triterras
Fintech Contact:Jim Groh(678) 237-7101
Netfin Investor Relations
Contact:Gateway Investor RelationsCody Slach and Matt
Glover(949) 574-3860NFIN@gatewayir.com
Netfin Company Contact:Marat
Rosenberg, Founder & President(972) 757-5998
Netfin Acquisition (NASDAQ:NFIN)
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