BRISBANE, Australia and NEW YORK, July 27, 2021 /PRNewswire/ — Tritium, a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), and Decarbonization Plus Acquisition Corporation II (“DCRN”) (NASDAQ: DCRN, DCRNW, DCRNU), a special purpose acquisition company, today announced an agreement for a private investment in public equity (“PIPE”) by Palantir Technologies Inc. (“Palantir”) (NYSE: PLTR), a Denver-based software and data analytics company.
In connection with the PIPE financing announced today, Tritium DCFC Limited (“NewCo”), 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 (as defined below). 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 (the “Business Combination”).
Palantir and Tritium also signed a contract that will provide Tritium with access to the Palantir Foundry platform, the company’s award-winning 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…