The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are “insolvent or likely to become insolvent”. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of 2022 via a SPAC merger – hence the so-called “6K filing” with the US Securities and Exchange Commission (SEC).
After the directors themselves declared their (probable) insolvency, the company appointed three managers from management consultants KPMG as administrators. In addition, Tritium’s lenders have themselves appointed administrators from the law firm McGrathNicol Restructuring. Together,…
