Tritium DCFC Ltd (DCFCQ)

[barnyarddog]

EV charger manufacturer Tritium declares insolvency

Posted April 22, 2024
https://chargedevs.com/newswire/ev-charger-manufacturer-tritium-declares-insolvency/
The directors of Australian fast charger manufacturer Tritium have declared the company as well as three of its Australian subsidiaries—Tritium, Tritium Holdings and Tritium Nominee—insolvent and called in voluntary administration, according to a statement filed to the US Securities and Exchange Commission (SEC).

“The Company’s other subsidiaries will continue to operate outside the voluntary administration,” the SEC filing stated.

The company stated on April 11 that it had received a warning from the Nasdaq stock exchange in New York where its shares were listed that it no longer met the requirements to retain its listing.

Lenders have appointed a receiver to take control of the company’s assets and seek buyers.