Triterras Inc. (Singapore)

On July 29, 2020, Netfin Acquisition Corp., a Cayman Islands exempted company (“Netfin”), MVR Netfin LLC, a Nevada limited liability company, as the representative of Netfin as of the date of the Business Combination Agreement (as defined below) and immediately prior to the closing, (the “Netfin Representative”), the Company, Netfin Merger Sub, a Cayman Islands exempted company (“Netfin Merger Sub”), SSOL and IKON (together with SSOL, the “Sellers”), entered into a Business Combination Agreement (the “Business Combination Agreement”).
Pursuant to the Business Combination Agreement: (1) the Sellers agreed to sell, transfer, convey, assign and deliver to the Company all of issued and outstanding ordinary shares of Triterras owned by the Sellers in exchange for an aggregate of 60,000,000 in cash, 51,622,419 ordinary shares of the Company, and up to an additional 15,000,000 ordinary shares of the Company upon the Company meeting certain financial or share price thresholds; and (2) Netfin Merger Sub, a wholly-owned direct subsidiary of the Company, would merge with and into Netfin, with Netfin being the surviving corporation in the merger and a wholly-owned direct subsidiary of the Company following the merger (the transactions described above, collectively, the “Business Combination”). The Business Combination was consummated on November 10, 2020 and on such date the Company changed its name to Triterras, Inc.
History and Development of the Company

The Company is a Cayman Islands exempted Company and was incorporated solely for the purpose of effectuating the Business Combination, which was consummated on November 10, 2020. See “Explanatory Note” for further details of the Business Combination. The Company was incorporated under the laws of the Cayman Islands on February 19, 2020. The Company owns no material assets other than its interests in Fintech acquired in the Business Combination and does not operate any business. Fintech is a private company limited by shares incorporated under Singapore law. Fintech was incorporated in Singapore on January 11, 2018.
Business segment
The Company has only one operating segment for the year ended 29 February 2020, namely the trading platform business, the details of which are set out below:
•Trading platform business — Engage customers to trade on the platform where the Company earns a fee based on the percentage agreed in the sales contract. Fees charged are based on total trading volume or total approved funds.
The mailing address of the Company's principal executive office is 9 Raffles Place, 23-04 Republic Plaza, Singapore 048619. Its telephone number is +65 6661 9240. The Company's process agent in the United States is Rick Maurer, 445 Park Avenue, 9th Floor, New York, New York 10022. The Company's principal website address is www.triterras.com.