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Stock impact report

Tritium Receives Nasdaq Staff Determination Letter

Tritium DCFC Limited - Ordinary Shares (DCFC) 
Company Research Source: GlobeNewswire
BRISBANE, Australia, April 11, 2024 (GLOBE NEWSWIRE) -- 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 April 5, 2024 the Company received a notice from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company does not currently meet the minimum 1,100,000 publicly held shares required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5450(b)(1)(B) (the “Public Float Standard”). The Company plans to discuss the Public Float Standard with Nasdaq during its scheduled hearing with the Nasdaq Hearings Panel and present the Company’s views pursuant to Listing Rule 5810(d). The Company intends to demonstrate a plan to regain compliance with the Public Float Standard and intends to take all necessary steps for its shares to remain trading on Nasdaq until such time as the Nasdaq Hearings Panel makes a final determination. About Tri Show less Read more
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