Tritium DCFC Ltd (DCFCQ)

[ssc]

This should convert to about 1.1 million shares outstanding. Now we watch for fund raising and how bad the dilution will be. Of course we won't know about the dilution until after it happens, but the share price, as always, should be a good indicator. Can't remember the last time I saw a company with only 1 million o/s.

[WeTheMarket]

Ford Announces Groundbreaking Partnership With EV Company
The Future of Electric Vehicles in Europe: Ford and Allego's Game-Changing Partnership.
MAR 28, 2024
https://stockregion.app/p/ford-announces-groundbreaking-partnership

[WeTheMarket]

TO28, Tuesday April 2, per the following PR.

Tritium Confirms Effective Date of Reverse Stock Split
March 28 2024
https://ih.advfn.com/stock-market/NASDAQ/tritium-dcfc-DCFC/stock-news/93567466/tritium-confirms-effective-date-of-reverse-stock-s

Tritium DCFC Limited (Nasdaq: DCFC) (“Tritium” or the “Company”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today confirms the effective date of its reverse stock split.

As previously reported, on March 22, 2024, the Company held an Extraordinary General Meeting of Shareholders to consider the resolution to consolidate Company ordinary shares (the “Shares”) on the basis that every two-hundred (200) Shares be consolidated into one (1) Share (the “Consolidation”). Following the completion of listing exchange procedures, the effective date of the Consolidation will be April 2, 2024.

About Tritium

Founded in 2001, Tritium (NASDAQ: DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for EVs. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.

For more information, visit tritiumcharging.com.

[TimelessOcean28]

Any idea on when the stock with implement reverse split ?

[barnyarddog]

NRMA's Australia-first off-grid charger at Erldunda south of Alice Springs
11 March, 2024
https://www.mynrma.com.au/electric-vehicles/charging/nrma-transforming-australia-ev-charging-landscape

Building a national network

Together with the Australian Government, we're building an electric vehicle charging network across Australia.

Funding of $80 - 100 million to create 130 fast charging sites across the national highway network.
https://www.mynrma.com.au/electric-vehicles/charging

[WeTheMarket]

I must be insane, I just added 10,000 shares to my position.

[barnyarddog]

DCFC could zip over 1.00 or R/S over next week.

On March 22, 2024, the Company intends to submit a request for a hearing before the Nasdaq Hearings Panel to appeal the Delisting Notice.
https://investors.tritiumcharging.com/node/8711/html

[barnyarddog]

IONNA expected news mid May about company plans.

[ssc]

Also looks like the 1:200 reverse split was approved. It should be fascinating to watch the share price over the next few weeks.

https://www.sec.gov/Archives/edgar/data/1862490/000110465924037963/tm247645d2_ex99-1.htm

[barnyarddog]

FORM 6-K Bridge Loan March 22, 2024
https://www.sec.gov/Archives/edgar/data/1862490/000110465924037963/tm247645d2_6k.htm

[barnyarddog]

bp pulse Gigahub Ribbon Cutting
14 views 1 day ago KATY

bp pulse held a ribbon-cutting ceremony on March 20, 2024 for their new Gigahub charging center in Katy, Texas.

[barnyarddog]

BIG PIVOT Major gas station chain with 47,000 locations to shut down 1,000 sites within months as it makes switch to EV

Mar 21 2024
https://www.the-sun.com/motors/10849601/shell-gas-ev-charging-station-swap/

[ssc]

https://ih.advfn.com/stock-market/NASDAQ/tritium-dcfc-DCFC/stock-news/93527591/tritium-receives-nasdaq-delisting-determination

[barnyarddog]

200:1 reverse split vote. The meeting will be held on March 22, 2024.

[barnyarddog]

bp unveils first US bp pulse EV charging Gigahub™ at Houston headquarters

The Gigahub™, expected to open on March 20, 2024, will offer 24 high-speed EV charge points with Tritium 150kW DC fast chargers.

Release date: March 20, 2024
https://bppulsefleet.com/press/bp-unveils-first-us-bp-pulse-ev-charging-gigahub/
https://www.evehicletechnology.com/news/bp-unveils-first-us-bp-pulse-ev-charging-gigahub/

First bp pulse Gigahub Makes Its Debut in Houston
https://csnews.com/first-bp-pulse-gigahub-makes-its-debut-houston

[TimelessOcean28]

https://www.linkedin.com/feed/update/urn:li:activity:7175899371996139520?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A7175899371996139520%2C7175917462041849856%29&dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287175917462041849856%2Curn%3Ali%3Aactivity%3A7175899371996139520%29

[Joeypeeps]

Fantastic news!

[barnyarddog]

~~MAJOR ANNOUNCEMENT~~ EVCS

https://www.linkedin.com/posts/evchargingstations_activity-7175903676195098625-WcUN

[barnyarddog]

select sites for LA Fitness, Hilton Hotels & Resorts, Wyndham Hotels & Resorts, Marriott International, and Town and Country Resort.

[barnyarddog]

EVCS will expand its EV charging network to more than 1,200 DC Fast chargers across California, Oregon, and Washington.

March 19, 2024 10:00 am

Press Release
https://www.evcs.com/blog/evcs-secures-100-million-in-public-funding-to-add-dc-fast-chargers-on-the-west-coast

[barnyarddog]

EVCS Secures $100 Million in Public Funding to Add DC Fast Chargers on the West Coast

19 Mar, 2024, 13:00 ET

EVCS will expand its EV charging network to more than 1,200 DC Fast chargers
across California, Oregon, and Washington

LOS ANGELES, March 19, 2024 /PRNewswire/ -- EVCS, one of the largest electric vehicle (EV) fast-charging networks on the West Coast, is excited to announce securing commitments for more than $100 million in public funding. The funding will support the development, installation, and operation of more than 500 new DC Fast chargers across California, Oregon, and Washington. With this milestone, the EVCS public charging network will expand into more than 70 new cities, surpassing 1,200 DC Fast chargers in total.

https://www.prnewswire.com/news-releases/evcs-secures-100-million-in-public-funding-to-add-dc-fast-chargers-on-the-west-coast-302093148.html

https://www.evcs.com/

[barnyarddog]

DCFC labeled as,..... Toxic Victimhood.?

[barnyarddog]

A company like this with projected growth needs corporate bonds.... bond money.

[barnyarddog]

Lyft, Uber drivers, you will need to have an electric vehicle by 2030 in CA, NYC.

[barnyarddog]

By 2030, the approximately 78,000 ride-sharing vehicles in New York City must be zero-emission EVs
https://www.smartcitiesdive.com/news/electric-vehicles-nyc-rideshare-revel-fast-charging/692813/

The world's first city to enact such a rule. New York City announced that it will require rideshare fleets to be 100 percent electric by 2030. If the proposed rules, called the Green Rides Initiative, pass, New York will be the world's first large city to establish such a rule.Aug 25, 2023
https://www.tomorrowsworldtoday.com/sustainability/new-york-city-to-mandate-ev-rideshare-fleets-by-2030/

California is requiring all electric Rideshare Fleet by 2030
https://www.drivers-united.org/ev-2030
....This means that if you are a driver, you will need to have an electric vehicle by 2030, or you will no longer be eligible to drive for Lyft, Uber, or any other rideshare company in the state of California.


By 2030, California Is Requiring
All Rideshare Vehicles To Be Zero Emissions
Are you ready?
https://www.drivers-united.org/transitioning-to-electric-vehicles-by-2030

[barnyarddog]

Uber is teaming up with Revel in New York in a bid for a better EV-charging network

Their announcement follows reports that since at least mid-February, Revel has been seeking to raise $200 million to expand its charging-station footprint in New York, with an eye toward further expansion outside the city.

03-06-24
https://www.fastcompany.com/91049405/uber-revel-new-york-rideshare-ev-charging-network-partnership

[barnyarddog]

New York EV Rideshare Startup Revel Seeks to Raise $200 Million


.... Proceeds will be used to expand its public electric vehicle-charging infrastructure in New York City and the San Francisco Bay Area,

Feb 15, 2024
https://www.bnnbloomberg.ca/new-york-ev-rideshare-startup-revel-seeks-to-raise-200-million-1.2035381

[barnyarddog]

WTH .?.. Revel to add up to 500 chargers in NYC, Bay Area through 2025

[barnyarddog]

Uber is providing a commitment for guaranteed utilization of those fast charging stations

Guaranteed Revenue for Revel’s EV Charging Stations

[barnyarddog]

Uber’s posh electric rideshare service is coming to NYC

.... Uber recently announced that it was teaming up with rival rideshare service Revel (the company that used to operate a fleet of electric mopeds but has since pivoted to Tesla Model Ys). Uber drivers that collect rewards through the company’s Uber Pro program will get up to 25 percent off charging fees when using Revel’s massive charging hub in Brooklyn.


Mar 11, 2024
https://www.theverge.com/2024/3/11/24094429/uber-electric-ev-nyc-emissions-teen-sustainability

[barnyarddog]

Last week Uber and Revel announced a partnership to expand NYC's existing EV charging infrastructure.

5 days ago
https://www.linkedin.com/posts/mikayla-fallon_as-a-nyc-resident-myself-we-love-to-see-activity-7173301265412644864-ctB3

[barnyarddog]

Joint Venture UBER and REVEL

UBER.....

The company has launched in-app features to reduce charging anxiety and partnered with startup Revel to give drivers charging discounts up to 25% off and access to up to 250 charging stations.

Uber CEO outlines plans for increasing driver EV access, reducing emissions at SXSW

Tue, March 12, 2024
https://finance.yahoo.com/news/uber-ceo-outlines-plans-increasing-162850338.html

[barnyarddog]

Ride-Share Competitors Revel & Uber Ink Deal for EV Fast Charging Infrastructure Expansion

2 days ago
https://cleantechnica.com/2024/03/15/ride-share-competitors-revel-uber-ink-deal-for-ev-fast-charging-infrastructure-expansion/

[barnyarddog]

Uber Joins EV Startup Revel to Expand Charging Network

Uber aims to make its US ride-hail fleet zero-emission by 2030

Revel to add up to 500 chargers in NYC, Bay Area through 2025


March 6, 2024
https://www.bloomberg.com/news/articles/2024-03-06/uber-partners-with-ev-startup-revel-to-expand-charging-network

[barnyarddog]

Charging provider Revel and Uber, New partners !!!

https://gorevel.com/press

[barnyarddog]

new partners, charging provider Revel and Uber Technologies
https://gorevel.com/our-team

Uber Technologies and charging provider Revel have announced a new strategic partnership in which the rideshare network will financially support the latter in expanding its charging infrastructure

Together, Revel and Uber are showing how to accelerate EV infrastructure...

.... plans to expand Revel chargers and discounts to other major cities across the US.

...Uber drivers gain access to Revels 54 fast chargers currently operating around New York City.

.... Additionally Uber drivers will be able to take advantage of discounts at an expected 250 chargers and Revel expands.

Mar 6 2024
https://electrek.co/2024/03/06/uber-revel-partner-offer-ev-drivers-exclusive-charging-discounts-nyc/

[Joeypeeps]

St Baker controls this co. Management follows him period.

[PURA VIDA]

Well hell, if the pps continues down before the final vote tally....
the 1 for 200 reverse split isn't even going to be good enough
to maintain the $1.00 minimum NASDAQ listing requirement.
This is very very sad. Oh well, I've been crying from the rooftops
for a complete change in management for a LONG time. They
truly aren't worth a grain of salt.

[PURA VIDA]

I thinks it manifests itself into class action lawsuits.

[ssc]

You should thinks about a 1:200 reverse split and how that type of event for a company short of cash and using convertible debt usually manifests itself.

[barnyarddog]

Me thinks The Australian media backlash has sadden Tritium.

And so the silence is mourned.

I think 1,000 Tritium chargers are 100 million in sales.

[barnyarddog]

https://tritiumcharging.com/about/

[barnyarddog]

investments managed by StB Capital Partners.
https://www.stbcapitalpartners.com.au/portfolio


Tritium Wins Shell Global EV Charging Tender
December 18, 2021
https://theevreport.com/tritium-wins-shell-global-ev-charging-tender


Fleetnetix - Direct Accounts with Shell
1mo
Did you know that Shell have over 13 EV charging hubs* around the UK
https://www.linkedin.com/posts/fleetnetix-ltd_fleetnetix-shell-evcharging-activity-7160925946538000384-0bTc

[barnyarddog]

IONNA .... Stellantis and GM charging station partner goes bankrupt

Mar 8 2024
https://electrek.co/2024/03/08/stellantis-and-gm-charging-station-partner-goes-bankrupt/


BMW Group | General Motors | Honda | Hyundai Motor Company | Kia Worldwide | Mercedes-Benz AG | Stellantis

#IONNA

[WeTheMarket]

Universal EV Chargers Secures Major Federal Funding Boost for Tennessee's Electric Vehicle Infrastructure
Tue, Mar 5, 2024
https://finance.yahoo.com/news/universal-ev-chargers-secures-major-130000395.html

Relevant quote:

"Playing a pivotal role in this success story, Tritium, in collaboration with Universal EV LLC and PowerUp America, has been instrumental in securing funding for eight and four charging sites, respectively. Noteworthy is Lynkwell's selection to provide the charging software for PowerUp America's charging stations, reflecting a comprehensive and forward-thinking approach to EV infrastructure development."

[barnyarddog]

FORM 6-K February 29, 2024 13a-16
https://investors.tritiumcharging.com/node/8696/html

February 29, 2024

6-K
Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act
https://investors.tritiumcharging.com/financials/sec-filings

[WeTheMarket]

Ssc, in my opinion there are three possibilities:
1 - Management is incompetent
2 - Management doesn't care about shareholders
3 - They have very positive news to be released soon to support the share price through this massive reverse split and beyond.

Personally, I believe 3 is more likely. Also, as opposed to other struggling small caps you mentioned in your post, going through multiple reverse splits, I believe that Tritium is not too far from turning the business around and profitability.

Thus, I'm planning to hold on to my shares. Good luck to you.

[ssc]

Radical? That would be an understatement imo. They are recommending a 1:200 reverse split. The latest share count I have seen is about 220 million outstanding as of December but could be higher by now (which is up significantly from 160 million not too long ago thanks to the convertible financing). I was thinking a1:10 or 1:20 which would result in 10 or 20 million outstanding with plenty of room for normal equity fund raising. But this "radical" plan would result in 1 million shares outstanding which is ridiculously low and says to me that the toxic convertible debt is far from over and/or there are a lot more than 200 million o/s.

Most companies I have watched that were in a toxic debt mess like this follow the same game plan. Dilute, reverse split, more toxic debt, more dilution, and the share price finds its way back down to where the initial r/s occurred. So dcfc after a 1:200 would result in a share price of $20 and room to issue another 200 million shares or more to get right back to where it is today unless the business starts generating positive cash flow. I could be wrong about this, and the March 7 report could show a big operational turnaround. But if that's the case, why would a "radical" 1:200 stock restructuring be necessary? Me? I'm out but will keep watching.

[barnyarddog]

Today it's Friday. It feels hang over Monday.

[WeTheMarket]

Under fire Tritium proposes radical share plan to protect Nasdaq listing
MARCH 1, 2024
https://thedriven.io/2024/03/01/under-fire-tritium-proposes-radical-share-plan-to-protect-nasdaq-listing/