- The transaction will provide gross proceeds of up to approximately US$403 million (AUD$520 million) to Tritium, assuming minimal redemptions by DCRN's public stockholders, to fully fund its
Tritium charges to $2b Nasdaq listing
May 26, 2021 – 8.40pm
Share
Home-grown electric vehicle fast-charger Tritium, backed by coal entrepreneurs Trevor St Baker and Brian Flannery, is set for a “double unicorn” listing on NASDAQ after signing a deal with a so-called blank cheque company in the US that looks set to put a rocket under its growth ambitions.
The deal with Decarbonization Plus Acquisition Corporation II, a special purpose acquisition company, will allow Brisbane-based Tritium to go public with an enterprise value of about $2.2 billion and armed with about $390 million on the balance sheet.
Tritium CEO Jane Hunter and co-founder David Finn are confident of rapid growth for the EV fast-charger manufacturer.
NSW EPA
· The NSW Environment Protection Authority (EPA) is leading the collection and removal of shoreline debris and waste following the devastating March 2021 floods across NSW.
Clean up contractor Varley Group will be removing flood debris from the Manning River and the EPA is working to minimise impacts to the environment and human health when doing this work.
Most debris will be removed via the Manning Point boat ramp and nearby Bohnock boat ramp.
A standing area at Manning Point boat ramp has been established to manage the collected debris being off-loaded from boats. The removal of flood debris and silage waste (bales) is scheduled to commence from 7 May 2021.
Inside billion-dollar navy boom coming to North QLD whitsundaytimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whitsundaytimes.com.au Daily Mail and Mail on Sunday newspapers.