On Friday 14 January 2022, Corrs had the pleasure of celebrating the listing of Tritium DCFC Limited (Tritium) at its official bell ringing ceremony at the Nasdaq Stock Exchange in New York.
Tritium commenced trading on the Nasdaq on 14 January 2022 under the ticker ‘DCFC’, following the successful completion of a business combination between Tritium Holdings Pty Ltd and Decarbonization Plus Acquisition Corporation II (DCRN), a US special purpose acquisition company (SPAC). This represents the first successful merger between an Australian company and a US SPAC.
As a global leader in direct current fast chargers for electric vehicles, this merger and listing is expected to support Tritium’s business operations and growth trajectory.
Commenting on the matter, lead partner Alexandra Feros said: “Corrs is delighted to have worked with Tritium on its merger agreement with DCRN. This is the first announced merger of an Australian company with a US SPAC and it is hugely exciting to be involved in such an innovative and market-leading transaction.”
“Leveraging expertise from across Corrs has been integral to the success of this complex transaction. We look forward to seeing the future success of Tritium as a Nasdaq-listed entity.”
