Boy PLTR! What a shit show.
Tritium, Decarbonization Plus report agreement for PIPE financing by Palantir 09:28 DCRN, PLTR Tritium and Decarbonization Plus Acquisition Corporation II (DCRN), a special purpose acquisition company, announced an agreement for a private investment in public equity by Palantir Technologies (PLTR). In connection with the PIPE financing announced, Tritium DCFC Limited, DCRN and Palantir entered into a subscription agreement, which provides for, among other things, the subscription and purchase of ordinary shares of NewCo by Palantir immediately prior to or substantially concurrently with the closing of the Business Combination. The PIPE financing is contingent upon, among other things, the consummation of the previously announced business combination among Tritium, NewCo, DCRN and Hulk Merger Sub, Inc., a wholly owned subsidiary of NewCo. Palantir and Tritium also signed a contract that will provide Tritium with access to the Palantir Foundry platform, the company's platform that helps businesses accelerate their end-to-end data transformation and redefine their industries. "Palantir's investment in Tritium is another validation of Tritium's technology and business strategy given Palantir's own record of identifying and preparing for transformative change," said Robert Tichio, Partner and Managing Director at Riverstone Holdings LLC and Chairman of the board of directors of DCRN. "Their investment of capital and resources will provide Tritium with support to both continue developing the innovative technologies for which Tritium is known and advance the EV charging hardware and software needed to transition the world to electric transportation."
DCRN-$9.86
Tritium, Decarbonization Plus report agreement for PIPE financing by Palantir 09:28 DCRN, PLTR Tritium and Decarbonization Plus Acquisition Corporation II (DCRN), a special purpose acquisition company, announced an agreement for a private investment in public equity by Palantir Technologies (PLTR). In connection with the PIPE financing announced, Tritium DCFC Limited, DCRN and Palantir entered into a subscription agreement, which provides for, among other things, the subscription and purchase of ordinary shares of NewCo by Palantir immediately prior to or substantially concurrently with the closing of the Business Combination. The PIPE financing is contingent upon, among other things, the consummation of the previously announced business combination among Tritium, NewCo, DCRN and Hulk Merger Sub, Inc., a wholly owned subsidiary of NewCo. Palantir and Tritium also signed a contract that will provide Tritium with access to the Palantir Foundry platform, the company's platform that helps businesses accelerate their end-to-end data transformation and redefine their industries. "Palantir's investment in Tritium is another validation of Tritium's technology and business strategy given Palantir's own record of identifying and preparing for transformative change," said Robert Tichio, Partner and Managing Director at Riverstone Holdings LLC and Chairman of the board of directors of DCRN. "Their investment of capital and resources will provide Tritium with support to both continue developing the innovative technologies for which Tritium is known and advance the EV charging hardware and software needed to transition the world to electric transportation."
DCRN-$9.86