Deals
EV Charger Maker Tritium Going Public in SPAC Merger Deal
- Tritium will list on Nasdaq via Decarbonization Plus SPAC
- Company supplies charger technology to about 40 countries
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Tritium, which makes fast chargers for electric vehicles, has reached an agreement to go public through a merger with blank-check company Decarbonization Plus Acquisition Corp. II.
The deal with the special purpose acquisition company, or SPAC, values Tritium at $1.2 billion, the companies said in a statement on Wednesday, confirming a Bloomberg News report. The transaction is expected to generate proceeds of about $403 million.