Tritium Receives Nasdaq Notice Regarding Minimum Bid Price Requirement
19 10월 2023 - 7:00AM
Tritium DCFC Limited (Nasdaq: DCFC) (“Tritium” or the “Company”), a
global developer and manufacturer of direct current (“DC”) fast
chargers for electric vehicles (“EVs”), today announced that on
October 12, 2023 the Company received a notice (the “Notice”) from
the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is
not in compliance with the minimum bid price requirement ("Minimum
Bid Requirement") of US$1.00 per share under the Nasdaq Listing
Rule 5450(a)(1) based upon the closing bid price of the Company’s
common stock for the 30 consecutive business days prior to the date
of the Notice. The Notice has no immediate effect on the listing or
trading of the Company’s common stock on Nasdaq, and the Company’s
operations are not affected by the receipt of the Notice.
In accordance with Nasdaq Listing Rule
5810(c)(3)(A), the Company has 180 calendar days from the date of
such notice, or until April 9, 2024, to regain compliance with the
minimum bid price requirement. To regain compliance, the bid price
for the Company’s Ordinary Shares must close at $1.00 per share or
more for a minimum of 10 consecutive business days or the Company
may be eligible for an additional period of 180 calendar days to
regain compliance.
The Company will closely monitor the closing bid
price of its common stock and is considering its options to regain
compliance with the Minimum Bid Requirement under the Nasdaq
Listing Rules.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC) designs and
manufactures proprietary hardware and software to create advanced
and reliable DC fast chargers for electric vehicles. Tritium’s
compact and robust chargers are designed to look great on Main
Street and thrive in harsh conditions, through technology
engineered to be easy to install, own, and use. Tritium is focused
on continuous innovation in support of our customers around the
world.
For more information, visit
tritiumcharging.com.
Forward-Looking Statements
This press release includes “forward-looking
statements.” The Company’s actual results may differ from its
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believe,” “predict,” “potential,”
“continue,” “aim” and similar expressions are intended to identify
such forward-looking statements. These forward-looking statements
include, without limitation, the Company’s expectations, hopes,
beliefs, intentions, or strategies for the future, including those
that relate to the Company’s share price and good standing with
Nasdaq. These forward-looking statements involve significant risks
and uncertainties that could cause the actual results to differ
materially from the expected results. You should carefully consider
the risks and uncertainties described in the documents filed by the
Company from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Most of these factors are
outside the Company’s control and are difficult to predict. The
Company cautions not to place undue reliance upon any
forward-looking statements, including projections, which speak only
as of the date made. The Company does not undertake or accept any
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Media ContactJack
Ulrichmedia@tritiumcharging.com
Investor ContactCary
Segallir@tritiumcharging.com
Tritium DCFC (NASDAQ:DCFCW)
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