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Triterras (Nasdaq: TRIT, TRITW) announced a delay in finalizing its financial audit for the fiscal year ending February 28, 2021, missing Nasdaq's November 1 deadline to file its Annual Report on Form 20-F. The company has requested an extension to December 1, 2021, and awaits Nasdaq's decision. If denied, Triterras may appeal. Once the audit is completed, Triterras plans to disclose its results and hold an earnings call to provide updates.
Triterras, a fintech company specializing in trade finance, has concluded its investigation into allegations from a January 2021 report. The Audit Committee found that the claims lacked factual basis and do not warrant further action. This conclusion affirms the company's integrity amidst scrutiny and emphasizes its focus on trade and trade finance through platforms like Kratos, which connects traders and lenders online.
Triterras Inc. (Nasdaq: TRIT, TRITW) announced that the independent audit of its financial statements for the fiscal year ending February 28, 2021, requires additional time for completion. The company expects to finalize its Annual Report on Form 20-F by November 1, 2021, after receiving an extension from Nasdaq. This report will include their fiscal results and a business update. Triterras emphasizes the importance of the audit for compliance and future performance reporting.
Triterras Inc. (Nasdaq: TRIT, TRITW) announced the appointment of Perry Mangers, CPA, as Vice President of Financial Reporting on September 15, 2021. This newly created role aims to enhance the company's commitment to global financial transparency. Mangers, with over 20 years of experience in corporate finance, will ensure compliance with U.S. Securities and Exchange Commission requirements and International Financial Reporting Standards. His previous roles include Director of Financial Reporting at Parsons and Vice President at Jacobs Engineering Group.
Triterras Inc. (Nasdaq: TRIT, TRITW), a fintech company focused on trade finance, announced it has received an extension from Nasdaq to regain compliance with its Listing Rules. The extension allows Triterras until November 1, 2021, to file its Annual Report on Form 20-F for the fiscal year ending February 28, 2021, with the SEC. This follows a previous notice from Nasdaq on July 1, 2021, indicating non-compliance due to the late filing of the report. Triterras operates the Kratos™ platform, connecting commodity traders with lenders online.
Triterras (Nasdaq: TRIT, TRITW) announced new executive appointments to enhance its Kratos digital trade platform. Frank Barbarino joins as the Americas Head for Funds Origination & Structuring, bringing over 20 years of experience, including roles at Goldman Sachs and The Carlyle Group. Amoy Chambers is now the Head of Legal for Structuring & Distribution, previously serving at HSBC. These appointments aim to expand Triterras' capabilities in trade finance and foster collaboration with institutional investors, driving sustainable growth and shareholder value.
Triterras Inc. (Nasdaq: TRIT, TRITW) announced on August 2, 2021, that it submitted a compliance plan to Nasdaq after receiving a notice of non-compliance for not filing its 2021 Annual Report by the deadline. The company cited challenges in appointing a new auditor as the reason for the delay. If accepted, Nasdaq may grant a 180-day extension until December 27, 2021, for compliance. Triterras aims to complete the audit by the end of September 2021 and file the report shortly after, thus mitigating the risk of delisting.
Triterras has announced a collaboration with essDOCS to enhance digital trade processes for commodity traders through its platform, Kratos. This partnership allows traders to digitize trade operations using CargoDocs electronic document capabilities, thereby streamlining the creation and approval of electronic bills of lading (eB/L). With the recent surge in demand for digitized operations, this integration promises improved efficiency, reducing shipping costs and delays. The move aligns with Singapore's digital trade advancements and is expected to provide significant value to Triterras' trading community.
Triterras (Nasdaq: TRIT, TRITW) announced on July 1, 2021, that it received a notice from Nasdaq for failing to file its Annual Report on Form 20-F for the fiscal year ended February 28, 2021. The company has until August 2, 2021, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until December 27, 2021. The delay in filing is attributed to securing a new independent auditor. The notice does not impact the current listing status of Triterras’ securities on Nasdaq.
Triterras Inc. (Nasdaq: TRIT, TRITW) has appointed Nexia TS Public Accounting Corporation as its new independent auditor for fiscal year 2021, following the Audit Committee's approval. The company’s Audit Committee Chair, Adrian Kow, expressed confidence in Nexia TS's capabilities to support Triterras' growth objectives. Nexia TS, a well-established mid-tier accounting firm, is recognized for its strong regional presence and as a member of Nexia International, a leading global network in accounting and consulting.
