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Light wheel maker Carbon Revolution in race against time

Simon Evans

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

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    Original URL: https://www.afr.com/companies/transport/light-wheel-maker-carbon-revolution-in-race-against-time-20221101-p5burw