Tritium receives Nasdaq non-compliance notice

Tritium received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement of $1.00 per share based upon the closing bid price of the company’s common stock for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing or trading of the company’s common stock on Nasdaq, and the company’s operations are not affected by the receipt of the Notice. The company has 180 calendar days from the date of such notice, or until April 9, 2024, to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for the company’s Ordinary Shares must close at $1.00 per share or more for a minimum of 10 consecutive business days or the company may be eligible for an additional period of 180 calendar days to regain compliance. The company is considering its options to regain compliance with the Minimum Bid Requirement.