Tritium DCFC (DCFCQ) has released an update.
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Tritium DCFC Limited, an Australian electric vehicle charging company, has completed a significant asset sale totaling approximately $32 million, following the appointment of administrators and receivers due to insolvency. The asset sale to Tritium Power Solutions involves the business of designing, manufacturing, and servicing hardware and software for fast EV chargers. As a result, the company has liquidated virtually all assets, leaving shareholders facing a potential total loss on their investments.
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