Brief: Netfin Reports Non-Binding Letter Of Intent To Combine With Triterras
29/06/2020 14:01
June 29 (Reuters) - Netfin Acquisition Corp NFIN.O :
* NETFIN ACQUISITION CORP. ANNOUNCES NON-BINDING LETTER OF
INTENT
TO COMBINE WITH TRITERRAS, A LEADING FINTECH COMPANY FOCUSED ON
GLOBAL TRADE AND TRADE FINANCE
* NETFIN ACQUISITION CORP - PROPOSED TRANSACTION
CONTEMPLATES A
PRE-MONEY EQUITY VALUE OF APPROXIMATELY $670 MILLION FOR
TRITERRAS
* NETFIN ACQUISITION - ASSUMING NO NETFIN SHAREHOLDERS
EXERCISE
REDEMPTIONS RIGHTS, POST MONEY EQUITY VALUE IS ABOUT $939
MILLION
Source text for Eikon: ID:nGNX7LXCQz
Further company coverage: NFIN.O
((Reuters.Briefs@thomsonreuters.com;))
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