Brisbane, Australia-based Tritium, a developer and producer of fast electric vehicle (EV) chargers, announced Wednesday that it has a definitive agreement in place to be acquired by blank check firm Decarbonization Plus Acquisition Corporation II (NASDAQ:DCRN).
While no timeline was mentioned for the transaction to close, it is expected to generate gross proceeds up to $403 million. Tritium is expected to be listed on Nasdaq under the ticker DCFC, leading to a valuation of $1.2 billion.
“We are...
https://www.freightwaves.com/news/ev-charger-producer-tritiums-spac-deal-to-generate-12b-valuation