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Tritium (Decarbonization Plus Acquisition II) Priced, Nasdaq: DCFC

Fourth blank check company formed by Riverstone targeting businesses advancing global decarbonization (completed 1/13/2022).

Industry: SPAC

First Day Return: +13.4%

Industry: SPAC

We are a blank check company. Although we may pursue an acquisition opportunity in any business or industry, we intend to capitalize on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization. This includes the energy and agriculture, industrials, transportation and commercial and residential sectors. We believe these areas of focus represent a favorable and highly fragmented market opportunity to consummate a business combination. We intend to identify and acquire a business that could benefit from a hands-on owner with extensive transactional, financial, managerial and investment experience that presents potential for an attractive risk-adjusted return profile under our stewardship. Even fundamentally sound companies can often underperform their potential due to underinvestment, a temporary period of dislocation in the markets in which they operate, over-levered capital structures, excessive cost structures, incomplete management teams and/or inappropriate business strategies.
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Tritium (Decarbonization Plus Acquisition II) (DCFC) Performance