Australian EV charging company Tritium is facing financial collapse, with its directors declaring insolvency and putting the company into receivership.
In a statement issued overnight to Nasdaq in New York, where it has been struggling to retain its listing because of a collapsing share price, company officials said Tritium DCFC Limited (DCFC) and three of its Australian subsidiaries were either already insolvent or likely to become insolvent in the coming days.
The companys lenders have appointed a receiver, McGrathNicol Restructuring, to take control of Tritium DCFCs assets and seek buyers. Four of its partners Shaun Fraser, Katherine Sozou, Matthew Hutton and Jamie Harris have been appointed by lenders as Receivers and Managers of…
Read the full article at: https://electrek.co/2024/04/22/tritium-dcfc-limited-dcfc-enters-insolvency-is-seeking-buyers/