Proposed Merger and US Listing
Carbon Revolution Limited and Twin Ridge Capital Acquisition Corp., a publicly traded special purpose acquisition company, have signed a definitive business combination agreement that will result in Carbon Revolution becoming publicly listed in the United States.
Upon closing of the transactions, the ordinary shares and warrants of the merged company, Carbon Revolution plc. (formerly known as Poppetell Limited), a public company incorporated in Ireland with registered number 607450 (“MergeCo”), that will become the parent company of the Company and Twin Ridge, are expected to trade on the Nasdaq in the United States, and Carbon Revolution’s shares shall be delisted from the ASX.
The transaction is anticipated to unlock critical investment capital to fund Carbon Revolution’s expansion of operations, which is required to meet its significant growth opportunity while accelerating the Company’s expected path to profitability.
Read important information about the proposed merger and disclosures: