Netfin Acquisition Corp (NFIN)

[Golden Cross]

Transaction Overview

The proposed transaction contemplates a pre-money equity value of approximately $670 million for Triterras. Assuming no Netfin shareholders exercise their redemptions rights, the post money equity value is approximately $939 million with an enterprise value of approximately $995 million.

The parties intend to execute a definitive agreement in July, with a closing expected in the third quarter of 2020. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to the approval of the two companies’ boards, regulatory and shareholder approvals as well as other customary conditions.