Triterras Provides Update on Independent Audit of Fiscal 2021 Financials
October 05 2021 - 4:05PM
Triterras Inc. (NasdaqGM: TRIT,
TRITW) (“Triterras” or the “Company”)
, a
leading fintech company focused on trade and trade finance, today
is providing an update on the independent audit of its financial
statements for the fiscal year ended February 28, 2021 (the
“Audit”).
While the Company believed that the Audit could
be completed by September 30, 2021, additional time is needed for
the Audit to be completed.
Nasdaq granted the Company an extension to
November 1, 2021 to regain compliance with Nasdaq Listing Rule
5250(c)(1) by filing its Annual Report on Form 20-F with the U.S.
Securities and Exchange Commission. After discussions with the
Company’s independent auditor, the Company anticipates that the
Audit will be completed in time to allow for the finalization and
filing of its Annual Report on Form 20-F by November 1, 2021.
Upon completion of the Audit, the Company plans
to announce the time and date for its earnings conference call to
discuss results for the fiscal year ended February 28, 2021 and
provide a business update.
About TriterrasTriterras is a
leading fintech company focused on trade and trade finance. It
launched and operates Kratos™—one of the world’s largest 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.
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 as well as timing of completion of
the Audit and filing of the Form 20-F for the fiscal year ended
February 28, 2021 with the United States Securities and Exchange
Commission (the “SEC”). 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 SEC on November 16, 2020 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 RelationsMatt
Glover and Jeff Grampp, CFAOffice: +1 (949) 574-3860Email:
TRIT@gatewayir.com
Media Contacts:Gregory
Papajohn, Office of Corporate Communications, Triterras,
Inc.Mobile: +1 (917) 287-3626Email: press@triterras.com
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