NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com) is investigating claims on behalf of investors of Triterras, Inc. ("Triterras" or the "Company") (NASDAQ: TRIT; TRITW). A complaint has been filed on behalf of investors who purchased Triterras securities between August 20, 2020 and December 16, 2020, inclusive (the "Class Period").
Triterras operates Kratos, an online commodity trading platform for commodity traders to trade and source capital from lenders. The Company was formed by a merger that closed in November 2020.
According to the complaint, the Company's August 28, 2020 registration statement represented that for the year ended February 29, 2020, substantially all of the users of Triterras' Kratos platform were referred by Rhodium, a commodity trading business controlled by Triterras' Chief Executive Officer.
On December 17, 2020, Triterras disclosed that Rhodium had informed Triterras that day that Rhodium was seeking a moratorium to shield itself from creditor actions while it prepares a scheme of arrangement to restructure its debts and continue as a going concern.
Following this news, Triterras shares fell $4.11 per share, over 31%, to close at $9.09 per share on December 17, 2020.
If you are a member of the proposed Class, you may move the court no later than February 19, 2021 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing email@example.com or by calling (646) 315-9003
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Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, your rights, or your interests, please contact:
Donald R. Hall KAPLAN FOX & KILSHEIMER LLP850 Third Avenue, 14th Floor New York, New York 10022(646) 315-9003E-mail: firstname.lastname@example.org
Laurence D. King KAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560 Oakland, California 94612(415) 772-4704Fax: (415) 772-4707E-mail: email@example.com
SOURCE Kaplan Fox & Kilsheimer LLP