Business
Australian company Tritium to list on Nasdaq after historic SPAC deal – Sydney Morning Herald
Brisbane-based Tritium is on its way to the Nasdaq as it became the first Australian company to reach a deal with a so-called ‘blank cheque’ investment firm.
Brisbane-based electric vehicle charging startup Tritium is set to list on the US Nasdaq exchange as it became the first Australian company to reach a deal with a so-called blank cheque investment firm.
Tritium has signed an agreement with a special purpose acquisition company (SPAC), a relatively new form of investment vehicle that is booming in the United States. SPACs are listed shell vehicles that seek out unlisted companies to buy or merge with.
Tritiums deal is with Decarbonisation Plus Acquisition…
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