Triterras, Inc.

Company NameTriterras, Inc.
Stock SymbolTRIT
Class PeriodAugust 20, 2020 to December 16, 2020
Motion DeadlineFebruary 19, 2021

The Thornton Law Firm alerts Triterras investors that a class action lawsuit has been filed on behalf of investors who purchased Triterras stock or other securities (NASDAQ: TRIT) between August 20, 2020 and December 16, 2020. Investors may email investors@tenlaw.com or call 617-531-3917.

Triterras investors have until February 19, 2021 to apply to be a lead plaintiff. Investors do not need to be a lead plaintiff in order to be eligible to recover as class members. The case alleges that Triterras and its senior executives made misleading statements to investors and failed to disclose: (1) the extent to which Triterras’ revenue growth relied on Triterras’ relationship with Rhodium to refer users to the Kratos platform; (2) that Rhodium faced significant financial liabilities that jeopardized its ability to continue as a going concern; and (3) that, as a result, Rhodium was likely to refer fewer users to the Company’s Kratos platform.

The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing theclass action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor’s share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Triterras investors have until February 19, 2021 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm’s securities attorneys represent individual and institutional investors in lawsuits to recover damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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