Decarbonization Plus Acquisition Corp II: Up on Tritium merger

ACN 650 026 314

26/05/2021 12:05

** Shares of special purpose acquisition co (SPAC)
Decarbonization Plus Acquisition Corp II  DCRN.O  rise 2%
premarket to $9.85, set for best session ever
    ** Co to combine with Australia-based, electric-vehicle
charging maker Tritium and take it public with a Nasdaq
listing urn:newsml:reuters.com:*:nCNWgQY7fa
    ** Deal to provide gross proceeds of up to $403 mln to
Tritium; Combined firm to have pre-money enterprise value of
$1.2 bln
    ** DCRN at a more than three-week high, down 3.4% since
listing in April

 (Reporting by Ambar Warrick in Bengaluru)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))