Triterras Investors Who Were Netfin Acquisition Shareholders
Merger Investigation On Behalf Of Former Netfin Acquisition Investors
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Netfin Acquisition Corp. (“Netfin Acquisition” or the “Company”) (NASDAQ: NFIN) received greater benefits than Netfin Acquisition investors, as a result of the Company’s merger with Triterras, Inc. (“Triterras”) (NASDAQ: TRIT).
The investigation concerns whether Netfin Acquisition’s board of directors or senior management failed to manage Neftin Acquisition in an acceptable manner, in breach of their fiduciary duties to the Company’s shareholders, and whether Netfin Acquisition’s shareholders suffered damages as a result.
On July 29, 2020, Netfin Acquisition executed a merger agreement with the predecessor to Triterras, with an October 12, 2020 record date for the shareholder vote. On November 11, 2020, the merger transaction closed, with Triterras continuing as the successor entity.
On December 17, 2020, Triterras announced that Rhodium Resources, a company with close ties to Triterras, received a statutory demand from one of its creditors. Triterras disclosed that Rhodium had been instrumental in Triterras’s launch of its Kratos trading platform. On January 15, 2021, an analyst released a report on Triterras, alleging that nearly all of the trading on Triterras’s platform is with related parties.