Global law firm White & Case LLP has advised Netfin Acquisition Corp., a Nasdaq-listed special purpose acquisition company (SPAC), on its cross-border business combination transaction with Triterras Fintech Pte Ltd, a leading fintech company focused on trade and trade finance. The combined company, named Triterras, Inc., commenced trading on the Nasdaq Global Market on Wednesday November 11, 2020 under the symbol TRIT. Based on the closing price of its shares on Nasdaq on November 10, the combined company has an initial equity value of approximately US$956 million.
The White & Case team was led by Elliott Smith, and also included partners Joel Rubinstein, Jonathan Rochwarger, Sang Ji and Victoria Rosamond, and associates Adam Berkaw, Audrey Bay and Mitchell Li (all in New York).
White & Case offers industry-leading expertise in M&A and capital markets across the globe, and is a destination practice for SPAC transactions. Our SPAC team has advised on SPAC transactions since 2004, and has represented clients in more than 75 SPAC IPOs (including 36 in 2020) that have raised aggregate gross proceeds of more than US$25 billion, and more than 30 SPAC business combination transactions (including 10 in 2020) with an aggregate value of more than US$35 billion.
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