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Tritium completes $1.8bn merger
National law firm Corrs Chambers Westgarth has advised Tritium on its multibillion-dollar merger with Decarbonization Plus Acquisition Corporation II.
Emma Musgrave
Firms: Corrs Chambers Westgarth (Tritium Holdings Pty Ltd); Undisclosed (Decarbonization Plus Acquisition Corporation II).
Value: $1.8 billion.
Area: M&A.
Key players: The legal team advising Tritium comprised Corrs Chambers Westgarth partners Alexandra Feros, Jeremy Horwood and Shabarika Ajitkumar (Corporate/M&A and Capital Markets), Helen Clarke (Technology and IP), Clare Corke (Finance), Anna White (Environment), Abigail Gill and Frances Wheelahan (Regulatory Compliance).
Deal significance: As per a statement provided by Corrs, the transaction represents the first announced merger between an Australian company and a US SPAC.
The transaction is expected to provide Tritium, a developer and manufacturer of direct current fast chargers for electric vehicles, with additional capital to expand their manufacturing capabilities across North America, Europe and Australia and offer the support they need to achieve their product roadmap, enhance their existing products and grow their global sales and service operations teams. On closing, the combined company is expected to list on the NASDAQ under the ticker “DCFC”.
Commenting further on the matter, lead partner Alexandra Feros said: “Corrs is delighted to have worked with Tritium on its merger agreement with DCRN and anticipated listing on the NASDAQ. This is the first announced merger of an Australian company with a US SPAC and it is hugely exciting to be involved in such an innovative and market-leading transaction.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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