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Tritium officially listed on Nasdaq Stock Exchange
Electric vehicle company Tritium has celebrated its official Nasdaq listing following the completion of its merger with a US special purpose acquisition company.
Lauren Croft
Firm: Corrs Chambers Westgarth (Tritium DCFC Limited).
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Deal: Corrs Chambers Westgarth has advised Tritium on its official listing on the Nasdaq Stock Exchange in New York, after a successful merger with US special purpose acquisition company Decarbonization Plus Acquisition Corporation II.
Value: N/A.
Area: M&A, capital markets.
Key players: The firm was led by corporate M&A and capital markets partners Alexandra Feros, Jeremy Horwood and Shabarika Ajitkumar, finance partner Clare Corke and technology and IP partner Helen Clarke advising Tritium on all Australian aspects of the transaction and working with Latham & Watkins LLP as the US legal advisers to Tritium.
Deal significance: Tritium commenced trading on the Nasdaq on Friday, 14 January 2022, under the ticker “DCFC”, following the successful completion of the business combination with Decarbonization Plus Acquisition Corporation II (DCRN). This represents the first successful merger between an Australian company and a US SPAC.
Commenting on the matter, lead partner Ms Feros said: “Congratulations to Tritium on the successful closing of its merger and listing on the Nasdaq. As the first of its kind for any Australian company, I’m honoured to mark this exciting and truly significant achievement with Tritium at its official bell ringing ceremony in New York.
“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.”
