On
The Company’s Board of Directors formed a Special Committee, comprised of independent directors (“Special Committee”), to review and consider a number of factors, including the possible effects on the liquidity of trading in the Company’s securities, the low probability of re-listing of the Company’s securities on a national securities exchange (the Company’s securities having been delisted on the NASDAQ exchange effective on, and since,
The Board made the decision to deregister under the provisions of the Exchange Act following the Special Committee’s review and analysis of factors, including the Company’s ongoing delisted status, legal, administrative, and additional insurance and accounting costs associated with being a public reporting company. The Board determined that deregistering and thereby suspending the Company’s reporting obligations will allow the Company to focus more resources on its continued pursuit to streamline operations and execute on its operating plans.
The Company may provide to the public, where appropriate, press releases regarding Company developments. However, the Company will be unable to respond to individual shareholder’s enquiries via the telephone, mail, or e-mail.
Concurrent with the joint filing of Schedule 13D amendment by Board members Messrs.
About Triterras
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s 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,” “believe,” “predict,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance and anticipated financial impacts. 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 the Company’s 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 the Company’s Form 20-F (SEC File No. 001-39693) filed with the
For more information, please visit triterras.com or email us at contact@triterras.com.
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