Tritium DCFC Ltd (DCFCQ)

[ssc]

The more important question is what type of fund raising will they be able to do.

If they find investors who are willing to participate in a normal type of equity offering, then the offering price is the key thing.

But if they are still forced to issue convertible debt, look out below. Companies I have seen that continue to issue convertible debt and the massive dilution that follows end up with a share price close to where the original reverse split occurred.

This is unusual though, taking the o/s all the way down to 1 million. I guess anything could happen here. It all depends on when/if Tritium's desperate need for financing abates.