San Diego, CA -- (SBWIRE) -- 01/11/2021 -- An investor, who purchased NASDAQ: TRIT shares, filed a lawsuit against Triterras, Inc. over alleged violations of Federal Securities Laws.

Investors who purchased shares of Triterras, Inc. (NASDAQ: TRIT) have certain options and for certain investors are short and strict deadlines running. Deadline: February 19, 2021. NASDAQ: TRIT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On December 17, 2020, Triterras, Inc announced that Rhodium Resources Pte. Ltd. was seeking a moratorium to shield itself from creditor actions while it planned a restructuring of its debts and continue its business as a going concern. Triterras, Inc further stated that "Rhodium was instrumental to the initial launch of the Company's Kratos platform and the platform's attractiveness to the commodities trading and trade financings communities" and that "substantially all of the users of the Kratos platform during the year ended February 29, 2020 were referred to the platform by Rhodium and its subsidiaries who accounted for 26.5% of the Company's revenues."

The plaintiff claims that between August 20, 2020 and December 16, 2020, the defendants made false and/or misleading statements and/or failed to disclose the extent to which the Company's revenue growth relied on Triterras' relationship with Rhodium Resources Pte. Ltd. ("Rhodium") to refer users to the Kratos platform, that Rhodium faced significant financial liabilities that jeopardized its ability to continue as a going concern, that, as a result, Rhodium was likely to refer fewer users to the Company's Kratos platform, and that, as a result of the foregoing, defendants' positive statements about Triterras' business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Triterras, Inc. (NASDAQ: TRIT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.