Decarbonization Plus Acquisition Corporation II
DCRNW
NASDAQ1.27
USD
-0.05
- -
CIK
0001836154
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
64.38
5Y
10.43
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Erik J. Anderson
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2744 Sand Hill Road Menlo Park CA United States of America
- IPO Date
- Mar 29, 2021
- CIK
- 0001836154
- Similar Companies
- Business
- Decarbonization Plus Acquisition Corporation II (DCRNW) operates as a blank check company whose common warrants trade on Nasdaq; it seeks to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses or assets, with a principal focus on targets developing platforms that decarbonize carbon-intensive sectors including energy, agriculture, industrials, transportation, commercial, and residential; the company, sponsored by Riverstone Holdings LLC, was formed in December 2020 and maintains its headquarters in Menlo Park, California. DCRNW warrants, exercisable into the common stock of the post-combination entity until January 19, 2026, represent the primary security following the company's January 2022 business combination with Tritium Holdings Pty Ltd, an Australian developer of DC fast chargers for electric vehicles, which resulted in Tritium DCFC Limited (DCFC) listing on Nasdaq with DCRN common stock and DCRNW warrants; that merger provided up to $403 million in gross proceeds assuming minimal redemptions, valued Tritium at a $1.2 billion pre-money enterprise value, and positioned the combined entity to accelerate e-mobility infrastructure through hardware including stand-alone and distributed DC fast chargers, service and maintenance offerings, and software solutions across markets in the United States, Australia, the Netherlands, and other regions. The warrants persist as legacy securities amid Tritium DCFC Limited's recent major operational shifts, including its April 2024 declaration of insolvency for the parent and certain Australian subsidiaries amid an EV market slowdown, appointment of KPMG administrators under section 436A, subsequent receivership by McGrathNicol, asset sales, full business closure, and liquidation proceedings rendering DCFC shares and related warrants valueless as of October 2024.