Carbon Revolution Announces Major Milestones in its Business Combination with Twin Ridge Capital Acquisition Corp.
Carbon Revolution Limited (the “Company” or “Carbon Revolution”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that the scheme of arrangement in relation to its business combination with Twin Ridge Capital Acquisition Corp. (NYSE: TRCA) (“Twin Ridge” or “TRCA”) is now legally effective and quotation of Carbon Revolution shares on ASX was suspended from the close of trade today.
- Carbon Revolution Limited (the “Company” or “Carbon Revolution”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that the scheme of arrangement in relation to its business combination with Twin Ridge Capital Acquisition Corp. (NYSE: TRCA) (“Twin Ridge” or “TRCA”) is now legally effective and quotation of Carbon Revolution shares on ASX was suspended from the close of trade today.
- This follows Carbon Revolution shareholders approving the scheme of arrangement on October 15, 2023 and the Federal Court of Australia approving the scheme of arrangement on Wednesday.
- As previously announced, the Twin Ridge shareholders approved the business combination on October 12, 2023.
- “We are excited that we have achieved these significant milestones, which will bring Carbon Revolution towards a new chapter as a publicly traded company in the U.S.,” said Jake Dingle, CEO of Carbon Revolution.