Tritium, A Pioneer In E-Mobility And EV Charging Infrastructure, Announces Business Combination With Decarbonization Plus Acquisition Corporation II; Combined Company To Be Listed On NASDAQ
May 26, 2021
- The transaction will provide gross proceeds of up to approximately US$403 million (AUD$520 million) to Tritium, assuming minimal redemptions by DCRN's public stockholders, to fully fund its growth as a technology market leader in the DC fast charging space for electric vehicles. - Tritium, a 20-year-old company with high revenue growth over the last five years, is valued at US$1.2 billion (AUD$1.55 billion) in connection with the transaction. - The transaction is expected to provide capit