Australia-based EV charger maker Tritium and Decarbonization Plus Acquisition II today announced a definitive merger agreement that values the combined enterprise at $1.4 billion.
The transaction is anticipated to generate gross proceeds of up to approximately $403 million, assuming minimal redemptions.
Tritium is the only pure-play DC fast charging manufacturer, with a global sales and support reach servicing customers in 41 countries across four continents.
Pending regulatory and shareholder approvals, upon closing Tritium is expected to be listed on the Nasdaq, trrading under DCFC. Read more.
