Triterras, Inc. Announces Audit Committee Investigation Has Concluded
28 October 2021 - 11:15PM
Triterras Inc.
(Nasdaq:
TRIT, TRITW), a leading
fintech company for trade and trade finance, has made a key
announcement.
The Audit Committee of the Board of Directors is
pleased to report the completion of its previously announced
investigation into allegations made in a short report released in
January 2021. After expending considerable resources, time and
energy conducting its investigation and analyzing the work carried
out by external advisers, the Audit Committee has concluded that
the allegations contained in the short report lack either factual
support or material basis. Accordingly, the Audit Committee has
concluded that those allegations do not require additional action
by the Company.
About TriterrasTriterras 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 www.triterras.com or
email us at contact@triterras.com.
Forward Looking
StatementsThis 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 future performance.
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
risks and uncertainties incorporated by reference under “Risk
Factors” in Triterras’ Form 20-F (001-39693) filed with the
Securities and Exchange Commission (the “SEC”) on November 16, 2020
(the “Form 20-F”) 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.
Investor Relations
Contacts:Jim Groh, Triterras Inc. Mobile: +1 (678)
237-7101Email: IR@triterras.com
Gateway Investor Relations Matt
Glover and Jeff Grampp, CFAOffice: +1 (949) 574-3860Email:
TRIT@gatewayir.com
Media Contacts:Gregory
PapajohnOffice of Corporate Communications Triterras, Inc.Mobile:
+1 (917) 287-3626Email: press@triterras.com
Source: Triterras Fintech Pte Ltd.
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