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Announced

Netfin to merge with Teriterras Fintech in a $674m deal.

Financials

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Transaction Value£522m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA8x
Share Price Premium-
One Off Charge-

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Friendly

Pending

Acquisition

Public

Majority

Single Bidder

Merger

Singapore

blockchain

FinTech

Cross Border

Reverse Takeover

De-SPAC

trade finance

Synopsis

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Netfin Acquisition, a special purpose acquisition company targeting businesses in the fintech industry, agreed to merge with Teriterras Fintech, a fintech company for commodity trading, in a $674m deal. Upon closing of the transaction, a newly formed Cayman holding company to be named “Triterras” will acquire Triterras Fintech and Netfin and register its shares for listing on the Nasdaq Stock Market under a new ticker symbol. “Our business combination with Triterras Fintech creates a leading pure-play fintech company that is digitizing a large and growing industry, while making transactions more cost-efficient, secure and faster. We believe Triterras Fintech will deliver strong near and long-term value for Netfin shareholders. We look forward to supporting Triterras Fintech’s leadership through their new growth phase as a public company,” Marat Rosenberg, Netfin President and Director.

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