Tritium, a Brisbane-based developer and manufacturer of direct current fast chargers for electric vehicles, and Decarbonization Plus Acquisition Corporation II (DCRN) (NASDAQ: DCRN), a special purpose acquisition company, have announced a definitive agreement for a business combination that would result in Tritium becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Tritium and is expected to be listed on the NASDAQ and trade under the new ticker symbol “DCFC.”
Latham & Watkins LLP represents Tritium Holdings Pty Ltd in the transaction. The team is led by partners Jason Morelli (M&A-Chicago), Ryan Maierson (M&A-Houston), Christopher Lueking (Capital Markets-Chicago), and Roderick Branch (Capital Markets-Chicago), with Chicago M&A associates Owen Alexander, Andrew Tremble, and Dalton Powell and Chicago capital markets associates Jonathan Sarna, Kenneth Sands, and Ryan Hudson.
Advice was also provided on tax matters by Bay Area partner Grace Lee, with New York associate Eric Kamerman; on employee benefits matters by Los Angeles partner David Taub and Chicago partner Nineveh Alkhas, with Los Angeles associates Jordan David and Vanessa King; on intellectual property matters by New York partner Steven Betensky; on CFIUS related matters by Washington, D.C. partner Damara Chambers, on compliance matters by Washington, D.C. associates Elizabeth Annis and Christopher Ting; on environmental matters by Los Angeles counsel Joshua Marnitz; and on antitrust matters by Washington, D.C. counsel Patrick English.