Australia’s very own global electric car charging provider Tritium will land on the Nasdaq stock exchange on Friday January 14.
The 20-year old leader in direct current (DC) rapid chargers today announced it had completed its previously announced link-up with blank check company Decarbonization Plus Acquisition Corporation II.
Tritium’s ordinary shares and warrants are expected to commence trading under the ticker symbols “DCFC” and “DCFCW,” respectively.
The Brisbane-based company has become a global leader in public charging, with a huge presence across key EV regions in Europe and the United States. Despite having overseas divisions, it’s still headquartered in Australia.
Tritium expects the capital raised through the transaction, together with “anticipated additional funding”, to help fund its R&D, expand to three global manufacturing facilities, grow global sales and service operations teams, maintain capital needs, and “other corporate uses”.
CEO Jane Hunter will continue to lead Tritium’s operations, alongside co-founders James Kennedy (Chief Technology Officer) and Dr. David Finn (Chief Vision Officer), and executives David Toomey (Chief Strategy Officer) and Michael Hipwood (Chief Financial Officer).
As part of the business combination, Robert Tichio, previously the Chairman of the board of directors of DCRN, will join Tritium’s board of directors as Chairman.
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