SINGAPORE, Aug. 02, 2021 (Globe NEWSWIRE) — Triterras Inc. (Nasdaq: TRIT, TRITW) (“Triterras” or the “Company”), a major fintech business targeted on trade and trade finance, right now introduced that on July 31, 2021 it submitted to the Nasdaq Stock Industry LLC (“Nasdaq”) a plan to regain compliance with the Nasdaq Listing Policies.
As formerly disclosed, Triterras acquired a see (the “Notice”) from the Listing Skills Division of Nasdaq on July 1, 2021 stating that the Corporation is not in compliance with Nasdaq Listing Rule 5250(c)(1) simply because it experienced not well timed submitted its Yearly Report on Kind 20-F for the fiscal 12 months finished February 28, 2021 (the “2021 Annual Report”) with the U.S. Securities and Trade Commission. Nasdaq Listing Rule 5250(c)(1) calls for detailed corporations to well timed file all essential general public monetary experiences with the SEC.
As beforehand noted by the Corporation in its Notification of Late Submitting on Sort 12b-25, submitted with the SEC on June 28, 2021, the Enterprise was not in a position to file its 2021 Yearly Report by the prescribed due date because of to the character of and time constraints inherent in the procedure for the Firm to look for for and interact a new unbiased registered community accounting agency and to enable Nexia TS Public Accounting Corporation, the Company’s new impartial registered general public accounting company, to full the audit of the Company’s consolidated economic statements.
If Nasdaq accepts the Company’s program, then Nasdaq may grant the Corporation an exception of up to 180 calendar days from the owing day of the 2021 Annual Report, or right up until December 27, 2021, to get back compliance. If Nasdaq does not accept the Company’s prepare, then the Business would have the opportunity to appeal that choice to a Nasdaq hearings panel. The Recognize has no immediate effects on the listing of the Company’s securities on Nasdaq.
Triterras is performing with its auditors and is expected to comprehensive its audit by the end of September 2021 and to file its Form 20-F Once-a-year Report quickly just after that.
Triterras is a leading fintech company centered on trade and trade finance. It released 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 right online. For far more information and facts, please take a look at triterras.com or email us at get in touch [email protected].
Ahead Searching Statements
This push release incorporates “forward-wanting statements” within just the this means of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Triterras’ actual benefits may vary from their expectations, estimates and projections and for that reason, you really should not rely on these forward-seeking statements as predictions of foreseeable future occasions. Terms such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “hope,” “predict,” “potential,” “continue,” and identical expressions are intended to determine these forward-seeking statements. These forward-on the lookout statements consist of Triterras’ anticipations with respect to foreseeable future overall performance , completion of the audited fiscal statements by its auditors and timing of submitting with the SEC of the Type 20-F Yearly Report. These forward-hunting statements include significant hazards and uncertainties that could induce the precise benefits to differ materially from the anticipated outcomes. Most of these elements are exterior Triterras’ command and are difficult to forecast. Components that could lead to such dissimilarities consist of but are not limited to hazards related to the completion of the audit and planning of the Form 20-F Once-a-year Report as perfectly as the hazards set forth underneath “Risk Factors” in Triterras’ Kind 20-F (SEC File No.: 001-39693) filed with the SEC on November 16, 2020, and in Triterras’ other filings with the SEC. Triterras cautions that the foregoing record of components is not exceptional. Triterras cautions audience not to location undue reliance upon any forward-searching statements, which talk only as of the date built. Triterras does not undertake or acknowledge any obligation or enterprise to release publicly any updates or revisions to any forward-hunting statements to reflect any change in its expectations or any alter in activities, conditions, or conditions on which any this kind of statement is centered.
Investor Relations Contacts:
Jim Groh, Triterras Inc.
Cell: +1 (678) 237-7101
Email: [email protected]
Gateway Investor Relations
Cody Slach and Matt Glover
Business: +1 (949) 574-3860
Electronic mail: [email protected]
Gregory Papajohn, Business of Company Communications, Triterras, Inc.
Cell: +1 (917) 287-3626
Email: [email protected]