Monday, October 6, 2025

Latest

EV Charger Maker Tritium Closes SPAC Merger Deal, Makes Nasdaq Debut

Electric vehicle charger manufacturer Tritium (Nasdaq: DCFC) is set to make its Nasdaq debut following a reverse merger with special purpose acquisition company Decarbonization Plus Acquisition Corporation II (DCRN). The deal, announced back in May 2021, was expected to put the combined company’s valuation at $1.2 billion.

“Our transaction with DCRN is transformative for the acceleration of electrification,” said Tritium CEO Jane Hunter. “We expect the capital raised through the transaction, together with anticipated additional funding, to support Tritium’s business operations and to help strengthen our products and services to our customers, and continue to advance the e-mobility industry.”

The business combination saw 87% redemptions from the SPAC shareholders, estimated to be worth US$350 million.

The merger pushed through after narrowly securing the approval of DCRN’s shareholders, scoring 58% of the votes in favor of the arrangement.

The blank check firm closed its US$350 million initial public offering in February 2021, offering 35.0 million company units at US$10.00 per unit. The firm had said it planned to pursue a business combination that “may advance the objectives of global decarbonization.”

Hunter is expected to remain CEO of the resulting combined firm while DCRN’s chairman Robert Tichio will join the board serving as its chairman. The company is set to trade on the Nasdaq big board under symbols “DCFC” and “DCFCW” for its shares and warrants, respectively.


Information for this briefing was found via Edgar, Financial Review, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Cannabis Marketing Agency Springbig To Be Taken Public In SPAC Merger

Cannabis marketing platform Springbig is set to be taken public by special purpose acquisition company...

Thursday, December 23, 2021, 02:19:00 PM

Biotech Firm Senti Bio To Be Taken Public In A $601 Million SPAC Merger

Senti Biosciences, Inc., also known as Senti Bio, has announced a business combination agreement with...

Tuesday, December 21, 2021, 04:38:00 PM

Renewable Energy SPAC Enphys Acquisition Prices Upsized US$300 Million IPO

Blank check company Enphys Acquisition Corp. (Nasdaq: NFYS.U) went public today on the Nasdaq Global...

Wednesday, October 6, 2021, 02:26:00 PM

SPAC Without SPAC’s Reputation? Bill Ackman’s Pershing Square Tontine Plans To Offer Warrants After Failed Reverse Merger

After failing to consummate a business combination, blank check firm Pershing Square Tontine Holdings Ltd...

Tuesday, July 12, 2022, 01:33:00 PM

Investment Banks-Sponsored SPAC Roth CH Acquisition V Seeks To Raise US$100 Million In IPO

Special purpose acquisition company Roth CH Acquisition V Co. (Nasdaq: ROCLU) went public on the...

Wednesday, December 1, 2021, 05:01:00 PM