As filed with the Securities and Exchange Commission on December 16, 2021
Registration Statement No. 333-259793
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 4
to
FORM F-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Tritium DCFC Limited
(Exact name of Registrant as Specified in its Charter)
N/A
(Translation of registrant name into English)
Australia | 6770 | Not Applicable | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(IRS Employer Identification Number) |
48 Miller Street
Murarrie, QLD 4172
Australia
+61 (07) 3147 8500
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Cogency Global Inc.
122 East 42nd Street, 18th Floor
New York, NY 10168
(800) 221-0102
(Name, address, including zip code, and telephone number, including area code, of agent for service)
With copies to:
Jane Hunter Tritium Holdings Pty Ltd 48 Miller Street Murarrie, QLD 4172 Australia +61 (07) 3147 8500 |
Christopher Lueking Ryan Maierson Roderick Branch Latham & Watkins LLP 330 North Wabash Avenue, Suite 2800 Chicago, IL 60611 (312)-876-7700 |
Peter Haskopoulos Decarbonization Plus Acquisition Corp. II 2744 Sand Hill Road Menlo Park, CA 94025 (212) 993-0076 |
E. Ramey Layne Vinson & Elkins L.L.P. 1001 Fannin St. Suite 2500 Houston, Texas 77002 (713) 758-2222 |
Approximate date of commencement of proposed sale of the securities to the public: As soon as practicable after the effectiveness of this registration statement and upon completion of the business combination described in the enclosed proxy statement/prospectus.
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction: Exchange Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer) ☐
Exchange Act Rule 14d-1(d) (Cross-Border Third Party Tender Offer) ☐
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.
Emerging growth company ☒
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
| The term new or revised financial accounting standard refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. |
CALCULATION OF REGISTRATION FEE
| ||||||||
Title of each class of securities to be registered |
Amount to be registered (4) |
Proposed maximum offering price per unit (5) |
Proposed maximum aggregate offering price (5) |
Amount of registration fee (6)(9) | ||||
NewCo Ordinary Shares(1)(3)(8) |
170,312,500 | $9.89 | $1,684,390,625.00 | $183,768.00 | ||||
NewCo Warrants(2)(3) |
21,783,334 | $1.31 | $28,536,167.54 | $3,114.00 | ||||
NewCo Ordinary Shares issuable upon exchange of Warrants(7)(8) |
21,783,334 | $ (7) (8) | $ (7) | $ (7) | ||||
Aggregate Fee |
$186,882.00 | |||||||
|
(1) | Represents the estimated maximum number of fully paid ordinary shares in the capital of the registrant (NewCo Ordinary Shares) to be issued by Tritium DCFC Limited, an Australian unlisted public company limited by shares (NewCo) hereunder upon completion of the business combination described in the proxy statement/prospectus contained herein (the Business Combination) and is based on (i) up to 50,312,500 NewCo Ordinary Shares to be issued in connection with the consummation of the Business Combination in exchange for 40,250,000 shares of Class A common stock, par value $0.0001 per share, of Decarbonization Plus Acquisition Corporation II (DCRN and such shares, which are subject to possible redemption, the DCRN Class A Common Stock) and 10,062,500 shares of Class B common stock, par value $0.0001 per share, of DCRN (the DCRN Class B Common Stock and together with the DCRN Class A Common Stock, the DCRN Common Stock) outstanding on the date hereof; and (ii) 120,000,000 NewCo Ordinary Shares to be issued to existing shareholders of Tritium Holdings Pty Ltd (Tritium) in connection with the consummation of the Business Combination. |
(2) | Represents the estimated maximum number of warrants to purchase ordinary shares of NewCo (the NewCo Warrants) to be issued hereunder upon completion of the Business Combination and is based on (i) 13,416,667 warrants of DCRN (DCRN public warrants) sold to the public in DCRNs initial public offering (the DCRN IPO), (ii) 7,366,667 DCRN warrants (as defined below) issued to Decarbonization Plus Acquisition Sponsor II, LLC, a Delaware limited liability company (DCRN Sponsor) and certain of DCRNs independent directors in connection with the DCRN IPO (the DCRN private placement warrants and together with the DCRN public warrants, the DCRN warrants) and (iii) up to 1,000,000 private placement warrants that may be issued to DCRN Sponsor in connection with working capital loans made by DCRN Sponsor to DCRN. |
(3) | Shares of DCRN Class A Common Stock, DCRN warrants and DCRNs units sold in the DCRN IPO, each of which consists of one share of DCRN Class A Common Stock and one-third of one DCRN Warrant (DCRN units) are currently listed on the NASDAQ Capital Market (the NASDAQ) under the symbols DCRN, DCRNW and DCRNU, respectively. Upon the closing of the Business Combination, these DCRN securities will be delisted from NASDAQ and the NewCo Ordinary Shares and NewCo Warrants are expected to trade under the symbols DCFC and DCFCW, respectively. |
(4) | Pursuant to Rule 416 of the Securities Act, there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(5) | Estimated solely for the purpose of calculating the registration fee, based on the average of the high and low prices of shares of DCRN Class A Common Stock and DCRN warrants, respectively, reported on NASDAQ on September 21, 2021 ($9.89 per share of Class A Common Stock and $1.31 per DCRN Warrant). This calculation is in accordance with Rules 457(c) and 457(f)(1) promulgated under the Securities Act of 1933, as amended (the Securities Act). |
(6) | Determined in accordance with Section 6(b) of the Securities Act, at a rate equal to $109.10 per $1.0 million of the proposed maximum aggregate offering price. |
(7) | Represents NewCo Ordinary Shares issuable upon the exercise of the NewCo Warrants. No separate registration fee required pursuant to Rule 457(g). |
(8) | Includes NewCo Ordinary Shares initially offered and sold outside the United States that may be resold from time to time in the United States under circumstances requiring the delivery of a prospectus. These NewCo Ordinary Shares are not being registered for the purpose of sales outside the United States. |
(9) | Previously paid. |
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act, or until this registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY NOTE
Tritium DCFC Limited is filing this Amendment No. 4 to its registration statement on Form F-4 (File No. 333-259793) (the Registration Statement) as an exhibits-only filing. Accordingly, this amendment consists only of the facing page, this explanatory note, Item 21 of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibits. The remainder of the Registration Statement is unchanged and has therefore been omitted.
PART II. INFORMATION NOT REQUIRED IN PROSPECTUS
Item 21. | Exhibits and Financial Statement Schedules |
II-1
II-2
* | Filed herewith |
** | Previously filed |
*** To be filed by amendment
| Schedules to this exhibit have been omitted pursuant to Item 601(a)(5) of Registration S-K. The Registrant hereby agrees to furnish a copy of any omitted schedules to the Commission upon request. |
II-3
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Brisbane, State of Queensland, Australia on December 16, 2021.
Tritium DCFC Limited
| ||
By: |
/s/ Jane Hunter | |
Name: |
Jane Hunter | |
Title: |
Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following person in the capacities indicated on December 16, 2021.
Name |
Title |
Date | ||||
By: |
* Jane Hunter |
Chief Executive Officer |
December 16, 2021 | |||
By: |
* Michael Hipwood |
Chief Financial Officer |
December 16, 2021 | |||
By: |
* Jeffrey Phillips |
Non-Executive Director |
December 16, 2021 | |||
By: |
* Brian Flannery |
Non-Executive Director |
December 16, 2021 | |||
By: |
* Trevor St Baker |
Non-Executive Director |
December 16, 2021 |
*By: | /s/ Jane Hunter | |
Name: | Jane Hunter | |
Title: | Attorney-in-Fact |
II-4
AUTHORIZED REPRESENTATIVE IN THE UNITED STATES
Pursuant to the requirements of the Securities Act of 1933, as amended, Tritium DCFC Limited has duly caused this registration statement to be signed by the following duly authorized representative in the United States on December 16, 2021.
By: | /s/ Colleen A. De Vries | |
Name: | Colleen A. De Vries | |
Title: | Senior Vice President on behalf of Cogency Global Inc., Authorized Representative in the United States |
II-5
Exhibit 8.2
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Ernst & Young 111 Eagle Street Brisbane QLD 4000 Australia GPO Box 7878 Brisbane QLD 4001 |
Tel: +61 7 3011 3333 Fax: +61 7 3011 3100 ey.com/au | ||
The Board of Directors | 16 December 2021 | |
Tritium DCFC Limited 48 Miller Street |
||
MURRARIE QLD 4172 |
Project Hulk Material Australian Tax Considerations in US F-4
Dear Directors,
In accordance with our engagement agreement dated 9 August 2021, we confirm that the Registration Statement on Form F-4 that was originally filed with the United States of America Securities Exchange Commission (US SEC) on 24 September 2021, as amended through the date hereof, (the Registration Statement) includes a fair and reasonable summary of the material Australian tax considerations associated with the ownership and disposition of shares in Tritium DCFC Limited (the Shares). A section reference to the Australian tax comments included in the Registration Statement is attached as Appendix A.
Our review of the Registration Statement is restricted to cover the Australian income tax, capital gains tax (CGT), goods and services tax (GST), and stamp duty implications for shareholders of Tritium DCFC Limited associated with the ownership and disposition of the Shares, who:
| are Australian tax residents or non-Australian tax residents; |
| hold the Shares on capital account (that is, do not hold the shares as revenue assets or trading stock); |
| are not assessed on gains and losses on the Shares under the Taxation of Financial Arrangements in Division 230 of the Income Tax Assessment Act 1997 (Cth); and |
| are not exempt from Australian income tax. |
Applicable Authorities
Our tax opinion is our best judgement based on the applicable provisions of the Australian tax legislation, case law and rulings issued by the Australian Taxation Office (ATO), as in effect and available on the date of the Registration Statement, which are subject to change and differing interpretations, with possible retroactive effect. As interpretations of the aforementioned authorities may differ, we cannot provide assurance that our opinion will be accepted by the ATO or if challenged by a court.
Our opinion is based on the Australian income tax legislation, applicable case law, regulations and published rulings, determinations, and statement of administrative practice of the ATO as at the date of this Registration Statement.
The law, regulations, the tax authorities interpretation, and administrative practices are subject to change. The policies and practices prevailing in the future when the transactions are reviewed by the tax
A member firm of Ernst & Young Global Limited
Liability limited by a scheme approved under Professional Standards Legislation
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authorities may also differ from those relied upon for the purposes of this Registration Statement. Should the relevant policies and practices, or the Registration Statement itself, change, our opinion may change as well. We will not be responsible for updating the information herein, unless we are specifically requested to do so under a separate engagement.
Opinion
We, Ernst & Young, confirm that the statements set forth in the Registration Statement under the heading(s) specified in Appendix A hereto, insofar as they address the material Australian tax considerations of the Tritium DCFC Limited shareholders and discuss matters of Australian income tax law and regulations or legal conclusions with respect thereto, and except to the extent stated otherwise therein, are our opinion, subject to the assumptions, qualifications, and limitations stated herein and therein.
Our opinion is limited to the Australian tax statements addressed in this opinion and additional issues may exist that could affect the Australian income tax treatment associated with the ownership and disposition of Tritium DCFC Limited shares. Our opinion does not consider or provide any advice or a conclusion in respect to any such issues. Our opinion cannot be relied upon for the purpose of avoiding penalties that may be imposed with respect to any Australian income tax issues outside the limited scope of this opinion.
Our opinion is based on the facts, representations, and assumptions that have been included or referenced herein or in the Registration Statement. Our opinion does not address any matters beyond those described herein. Should any of the facts, representations or assumptions be incorrect, the conclusions reached in this opinion may be adversely affected.
With consideration of the above, we hereby consent to the filing of this letter as an exhibit to the Registration Statement and to the references therein to us. In giving such consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.
If you would like to discuss this matter further, please contact me on (07) 3243 3691.
Yours sincerely
Michael Hennessey
Partner - Tax
A member firm of Ernst & Young Global Limited
Liability limited by a scheme approved under Professional Standards Legislation
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Appendix A
MATERIAL AUSTRALIAN TAX CONSIDERATIONS
A member firm of Ernst & Young Global Limited
Liability limited by a scheme approved under Professional Standards Legislation