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Nasdaq poised to kick Brisbane-based Tritium off the exchange

Mark Ludlow

Brisbane fast charger company Tritium will appeal its second delisting notification from the Nasdaq, which has started the process to kick the company off the bourse because of the persistent underperformance of its shares.

Despite a frantic push by the Tritium board on Friday to launch a share consolidation plan to boost its ailing stock price, the latest notice from the Nasdaq looks like the end of the road for a company that Australian politicians have previously championed as a local manufacturing success story.

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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com

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    Original URL: https://www.afr.com/companies/energy/brisbane-based-tritium-receives-delisting-notice-from-the-nasdaq-20240322-p5femr