Tritium receives nasdaq notice regarding minimum bid price requirement

Brisbane, australia, oct. 18, 2023 (globe newswire) -- tritium dcfc limited (nasdaq: dcfc) (“tritium” or the “company”), a global developer and manufacturer of direct current (“dc”) fast chargers for electric vehicles (“evs”), today announced that on october 12, 2023 the company received a notice (the “notice”) from the nasdaq stock market llc (“nasdaq”) stating that the company is not in compliance with the minimum bid price requirement ("minimum bid requirement") of us$1.00 per share under the nasdaq listing rule 5450(a)(1) 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.
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