Australian electric vehicle (EV) charging equipment manufacturer Tritium, which had pivoted to the US market, has declared itself insolvent.
Troubled Tritium, in a filing on April 18, 2024 with the US Securities and Exchange Commission (SEC), has called for an administrator to be appointed.
On April 18, 2024, by resolutions of their boards, it was determined that the Company and three of its Australian subsidiaries, Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd were insolvent or likely to become insolvent, the filing reads.
In the filing, it says Peter Gothard, James Dampney, and William Colwell of KPMG should be appointed as joint and several administrators of the Nasdaq-listed firm.
Theyll take control of the co…
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