Ticker Launch

SPAC · Merger completed

Netfin Acquisition Corp.

Business combination with Triterras Fintech Pte. Ltd.

Netfin Acquisition Corp. is a blank-check company (SPAC) that raised $220M in its initial public offering on Jul 31, 2019, listing on Nasdaq Capital Market. It completed its business combination with Triterras Fintech Pte. Ltd. on Nov 10, 2020; the combined company is Triterras, Inc. (TRIT). Executive Director of Globex Capital led the IPO, with Chairman of VEB Capital. Winston & Strawn advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Triterras Fintech is a fintech company focused on trade and trade finance. It operates Kratos, a digital marketplace connecting commodity traders with each other and with lenders so they can trade and source capital online.

Status
Merger completed
IPO date
Jul 31, 2019
IPO size
$220M
IPO exchange
Nasdaq Capital Market
Target
Triterras Fintech Pte. Ltd.
Announced
Jul 29, 2020
Stated deal value
$674M
Closed
Nov 10, 2020
Combined company
Triterras, Inc. (TRIT)
IPO underwriters
Executive Director of Globex Capital and Chairman of VEB Capital
SPAC counsel (IPO)
Winston & Strawn and Maples and Calder
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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