Decarbonization Plus Acquisition Corporation II
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2744 Sand Hill Road Menlo Park CA United States of America 94025
- IPO Date
- Feb 4, 2021
- CIK
- 0001836154
- Website
- dcrbplus.com
- Similar Companies
- Business
- Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRNU) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal activity centers on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities focused on developing and advancing platforms that decarbonize carbon-intensive sectors, including energy, transportation and industrial markets. The company offers no operating products or services beyond its SPAC structure, which facilitates public listings for target entities through reverse mergers or related transactions; it raised $402.5 million in gross proceeds from its initial public offering of 40.25 million units in February 2021, with 100% of IPO cash held in trust. Headquartered in Menlo Park, California, and incorporated in 2020 under the sponsorship of Riverstone Holdings, the company maintains a 24-month tenor to complete a business combination and targets global opportunities aligned with decarbonization objectives. In a major development completed on January 13, 2022, Decarbonization Plus Acquisition Corporation II merged with Tritium Pty Ltd., an Australian developer and manufacturer of proprietary direct current (DC) fast chargers for electric vehicles (EVs), in a reverse merger transaction that valued the combined entity at a pre-money enterprise value of $1.4 billion and resulted in Tritium listing on NASDAQ under the tickers DCFC and DCFCW. Stockholders approved the business combination on January 12, 2022, with approximately 96.6% of votes cast in favor and 58% of outstanding shares supporting the proposal, enabling Tritium to access public markets for scaling global production, sales and operations of its EV charging hardware. Prior to closing, Tritium secured strategic financing, including a US$90 million debt facility with Cigna Investments and Barings LLC to refinance debts and extend liquidity through 2024, alongside an AUD$40 million private placement in September 2021 to support expansion amid the pending merger. No additional acquisitions, funding rounds, product launches or reorganizations occur post-merger, with DCRNU units reflecting legacy SPAC interests in the delisted Tritium structure.
Decarbonization Plus Acquisition Co. II (OTCMKTS:DCRNU) Trading Up 1.3% – Here’s What Happened
Over 100 New Tritium Fast Chargers Added to the Osprey Charging Network in the United Kingdom
Tritium Wins Shell Global EV Charging Tender
Tritium Unveils Groundbreaking Line of EV Fast Chargers Designed for More Cost-Effective Operations and Infrastructure Deployment
Tritium Announces Debt Refinancing with a New $90 Million Facility
Tritium Opens World-Class EV Charger Testing Facility
Tritium Collaborates With Fast Charging Network Operator EVCS to Deploy Over 500 New EV Fast Chargers
Tritium Named “Chargepoint Manufacturer of the Year”
Tritium Wins Good Design Awards for Excellence in Product and Engineering Design
Tritium Announces AUD$40 million Private Placement Financing by Cigna Investments, Inc.
Decarbonization Plus Acquisition Corporation II Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 29, 2021