{"id":521199,"date":"2021-08-02T08:04:46","date_gmt":"2021-08-02T12:04:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/"},"modified":"2021-08-02T08:04:46","modified_gmt":"2021-08-02T12:04:46","slug":"triterras-files-plan-with-nasdaq-related-to-delayed-annual-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/","title":{"rendered":"Triterras Files Plan with Nasdaq Related to Delayed Annual Report"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SINGAPORE, Aug.  02, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iKKCF9RPPQE0CWHhMDELIl-M2do291y6KH_tK_t-J3DjbNnfv-0EY22xQjwTI57WKASDSCmt9yKhc987hqwaeA==\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Triterras Inc.<\/strong><\/a><strong> (Nasdaq: TRIT, TRITW) <\/strong>(\u201cTriterras\u201d or the \u201cCompany\u201d)<strong>,<\/strong> a leading fintech company focused on trade and trade finance, today announced that on July 31, 2021 it submitted to the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) a plan to regain compliance with the Nasdaq Listing Rules.<\/p>\n<p align=\"justify\">As previously <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pPTOIpQb_5X2lh_XHUaZqUKpHsYP-HxLYRyrLpMLbKZJk5iX_oWNupnQFf6fvrg93n4_4wzQ3YQ_nek3Hm49GALFZ_gzyWguEvey-RAM3Ti90hPDSttYpgzdBS2SMuuduuoa8QjMHII4fXLHrbNrfl-tZu3fRrXkbm3gfgDLpwZ-gW-LH23zR_8GKMFanHLSnAwOF-zJdxeIaipWlN92Vw==\" rel=\"nofollow noopener\" target=\"_blank\">disclosed<\/a>, Triterras received a notice (the \u201cNotice\u201d) from the Listing Qualifications Department of Nasdaq on July 1, 2021 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 20-F for the fiscal year ended February 28, 2021 (the \u201c2021 Annual Report\u201d) with the U.S. Securities and Exchange Commission. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required public financial reports with the SEC.<\/p>\n<p align=\"justify\">As previously reported by the Company in its Notification of Late Filing on Form 12b-25, filed with the SEC on June 28, 2021, the Company was not able to file its 2021 Annual Report by the prescribed due date due to the nature of and time constraints inherent in the process for the Company to search for and engage a new independent registered public accounting firm and to enable Nexia TS Public Accounting Corporation, the Company\u2019s new independent registered public accounting firm, to complete the audit of the Company\u2019s consolidated financial statements.<\/p>\n<p align=\"justify\">If Nasdaq accepts the Company\u2019s plan, then Nasdaq may grant the Company an exception of up to 180 calendar days from the due date of the 2021 Annual Report, or until December 27, 2021, to regain compliance. If Nasdaq does not accept the Company\u2019s plan, then the Company would have the opportunity to appeal that decision to a Nasdaq hearings panel. The Notice has no immediate impact on the listing of the Company\u2019s securities on Nasdaq.<\/p>\n<p align=\"justify\">Triterras is working with its auditors and is expected to complete its audit by the end of September 2021 and to file its Form 20-F Annual Report soon after that.<\/p>\n<p align=\"justify\">\n        <strong>About Triterras<\/strong><br \/>\n        <br \/>Triterras is a leading fintech company focused on trade and trade finance. It launched and operates Kratos\u2122\u2014one of the world\u2019s largest commodity 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iP2AWDyeBBFGotJa8Us3EikKHg3jxk3fata-1JKAJ03OJFA-P7lBHq3OR7kSq9EvjZ0pzj1SP6MCZNTGCjDdNw==\" rel=\"nofollow noopener\" target=\"_blank\"><u>triterras.com<\/u><\/a> or email us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3xk2Bu6d_m99uWeZ-F7dVR2e6DUxnwxMWpAxDaVY_G5yhI8ph8-RlkCP7LXx7aM5pnOgJsNcmj6UTkw9UqyOYFXgKRsJTupuY1qGTcZfg9U=\" rel=\"nofollow noopener\" target=\"_blank\"><u>contact@triterras.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>This press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Triterras\u2019 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 \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201chope,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include Triterras\u2019 expectations with respect to future performance , completion of the audited financial statements by its auditors and timing of filing with the SEC of the Form 20-F Annual Report. 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\u2019 control and are difficult to predict. Factors that may cause such differences include but are not limited to risks related to the completion of the audit and preparation of the Form 20-F Annual Report as well as the risks set forth under \u201cRisk Factors\u201d in Triterras\u2019 Form 20-F (SEC File No.: 001-39693) filed with the SEC on November 16, 2020, and in Triterras\u2019 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.<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contacts:<\/strong><br \/>\n        <br \/>Jim Groh, Triterras Inc.<br \/>Mobile: +1 (678) 237-7101<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jEogd5IYN26bGdbUUqqeXrTCTQuRoMSF6-Q61ojfTqqrqqUkPx-5l4ZUYjQSRtT6Dzop2jN3Lf0D1tC1SsTLuw==\" rel=\"nofollow noopener\" target=\"_blank\">IR@triterras.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Gateway Investor Relations<\/strong><br \/>\n        <br \/>Cody Slach and Matt Glover<br \/>Office: +1 (949) 574-3860<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YdxRevImaqBe141he2IIM1goJ2o2z3wcsrK1DrqnuqPWbD7pIBB8k71-BqE6d8QM2TJS5WgvKCPsI7jmbzZNMMB59TmQc6bg1rtode5FIxQ=\" rel=\"nofollow noopener\" target=\"_blank\">TRIT@gatewayir.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Media Contacts:<\/strong><br \/>\n        <br \/>Gregory Papajohn, Office of Corporate Communications, Triterras, Inc.<br \/>Mobile: +1 (917) 287-3626<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pS5uUjpTXrGItL-EuuPKXu5hmXxawI8-t_sahdWwKFV9rKY-XY-HB8d0Hhjcejy1yVDkQSo18i5-9F7LjQ6jZFyvl3A9DtGirlOD6NO8qmo=\" rel=\"nofollow noopener\" target=\"_blank\">press@triterras.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMDYyMiM0MzM1MjQ3IzIyMDQ4ODc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0930eb56-ed26-44d5-9c89-66e11b4dea98\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Aug. 02, 2021 (GLOBE NEWSWIRE) &#8212; Triterras Inc. (Nasdaq: TRIT, TRITW) (\u201cTriterras\u201d or the \u201cCompany\u201d), a leading fintech company focused on trade and trade finance, today announced that on July 31, 2021 it submitted to the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) a plan to regain compliance with the Nasdaq Listing Rules. As previously disclosed, Triterras received a notice (the \u201cNotice\u201d) from the Listing Qualifications Department of Nasdaq on July 1, 2021 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 20-F for the fiscal year ended February 28, 2021 (the \u201c2021 Annual Report\u201d) with the U.S. Securities and Exchange Commission. Nasdaq Listing Rule 5250(c)(1) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Triterras Files Plan with Nasdaq Related to Delayed Annual Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521199","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Triterras Files Plan with Nasdaq Related to Delayed Annual Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triterras Files Plan with Nasdaq Related to Delayed Annual Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Aug. 02, 2021 (GLOBE NEWSWIRE) &#8212; Triterras Inc. (Nasdaq: TRIT, TRITW) (\u201cTriterras\u201d or the \u201cCompany\u201d), a leading fintech company focused on trade and trade finance, today announced that on July 31, 2021 it submitted to the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) a plan to regain compliance with the Nasdaq Listing Rules. As previously disclosed, Triterras received a notice (the \u201cNotice\u201d) from the Listing Qualifications Department of Nasdaq on July 1, 2021 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 20-F for the fiscal year ended February 28, 2021 (the \u201c2021 Annual Report\u201d) with the U.S. Securities and Exchange Commission. 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(Nasdaq: TRIT, TRITW) (\u201cTriterras\u201d or the \u201cCompany\u201d), a leading fintech company focused on trade and trade finance, today announced that on July 31, 2021 it submitted to the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) a plan to regain compliance with the Nasdaq Listing Rules. As previously disclosed, Triterras received a notice (the \u201cNotice\u201d) from the Listing Qualifications Department of Nasdaq on July 1, 2021 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 20-F for the fiscal year ended February 28, 2021 (the \u201c2021 Annual Report\u201d) with the U.S. Securities and Exchange Commission. Nasdaq Listing Rule 5250(c)(1) &hellip; Continue reading \"Triterras Files Plan with Nasdaq Related to Delayed Annual Report\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-02T12:04:46+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMDYyMiM0MzM1MjQ3IzIyMDQ4ODc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Triterras Files Plan with Nasdaq Related to Delayed Annual Report","datePublished":"2021-08-02T12:04:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/"},"wordCount":715,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwMDYyMiM0MzM1MjQ3IzIyMDQ4ODc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-files-plan-with-nasdaq-related-to-delayed-annual-report\/","name":"Triterras Files Plan with Nasdaq Related to Delayed Annual Report - 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