Lightweight wheel maker Carbon Revolution is in a race against time as it attempts to make a big leap onto the Nasdaq exchange in the United States through a merger, but risks running out of cash in the short term.
It is in talks to cement a merger with an unnamed special purpose acquisition company (SPAC) from the US which, if it comes off, would result in Carbon Revolution leaving the ASX and becoming part of a bigger group listed on the Nasdaq.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com