Tritium DCFC Limited - DCFCW STOCK NEWS

Tritium DCFC (Nasdaq: DCFC) faces a challenge as it falls short of the minimum publicly held shares for Nasdaq listing. The company plans to address this issue in a scheduled hearing with the Nasdaq Hearings Panel.

Tritium DCFC (Nasdaq: DCFC) confirms the effective date of its reverse stock split, consolidating every 200 shares into 1 share on April 2, 2024.

Tritium DCFC (Nasdaq: DCFC) faces delisting from Nasdaq due to non-compliance with the Minimum Bid Price Requirement. The Company received a Delisting Notice after its ordinary shares closed below $1.00 for ten consecutive trading days. Tritium plans to appeal and proposes a reverse stock split.

Tritium DCFC Limited (Nasdaq: DCFC) was the top-awarded fast charger manufacturer for the first round of the State of Tennessee’s National Electric Vehicle Infrastructure (NEVI) Formula Program, receiving over $10.5 million of the total federal award, accounting for nearly 50% of the state's initial NEVI funding round. The funding will be used to deploy 48 Tritium fast chargers across 12 new charging locations in Tennessee. The company's CEO, Jane Hunter, expressed pride in contributing to the electrification of Tennessee's vehicles and supporting local jobs and industry. Tritium's fast chargers will be manufactured at its state-of-the-art factory in Lebanon, Tennessee, which also exports chargers to Europe and the Asia Pacific region, with an expansion capacity to produce up to 30,000 units per year. The company is well-positioned to meet the Build America Buy America requirement by July of this year.

Tritium DCFC Limited (Tritium) (Nasdaq: DCFC) launches Autocharge software capability on its RTM and PKM charger models, further enhancing the end-to-end charging experience for EV drivers and fleet operators. The software allows for seamless payment capabilities, encouraging the adoption of more EVs worldwide. This update complements Tritium’s Plug and Charge offering, providing customers with convenient and efficient options for EV charging.

Tritium DCFC Limited (Tritium) (Nasdaq: DCFC) has completed the installation and operationalization of 33 175kW chargers at the SSA Terminals, LLC container terminal at Pier C in the Port of Long Beach in California. The chargers are equipped with Stäubli mechanized charging connectors to support the terminal’s electric-drive terminal tractors, making it the first large-scale port EV charging program using mechanized charging connectors in North America.

Tritium (DCFC) to Provide Rapid Chargers for Wales' Largest EV Charging Site at National Library of Wales (Nasdaq: DCFC)

Tritium DCFC Limited (Nasdaq: DCFC) announces strategic measures to achieve profitability in 2024, including operational efficiency improvements, consolidation of manufacturing operations in Tennessee, and reduction of SG&A expenses. The company plans to retain and grow its research and development team and global services team while continuing to invest in technology development, services, software, and sales. Tritium CEO Jane Hunter emphasizes the need for strategic restructuring to drive profitability and shareholder value.

Tritium DCFC receives notice of non-compliance with Nasdaq minimum bid price requirement