Why Triterras Stock Tanked Today

Shares of Triterras (NASDAQ: TRIT) were pummeled today after the company said in a regulatory filing that Rhodium Resources (which recently changed its name to Antanium Resources) received a statutory demand for payment from one of its creditors.

Rhodium and Triterras were both founded by Srinivas Koneru and both companies "are each under the control" of Koneru, according to the filing.

The tech stock sank by as much as 41.7% today and was down by 31.5% as of 2:42 p.m EST.

Source Fool.com