Car enthusiasts have been bolting carbon fiber wheels onto high performance vehicles for years. But, the hitherto luxury add-on brings real benefits to vehicle weight and energy economy, both of which have a new importance in the age of EVs.
This week, we speak with Carbon Revolution CEO Jake Dingle. Carbon Revolution is working to scale up its carbon fiber wheel production to provide the wheels as a mass-produced staple in the industry.
It announced a $270 million combination with Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) in November to accelerate these plans.
He describes the major business advantages in bumping up from the ASX to a US exchange and how the transaction has opened up new financing doors even while it is pending close.
Give it a listen.
Cactus 1 (NASDAQ:CCTS) has entered into a definitive agreement to combine with EV maker Tembo at a pro forma enterprise value of $904 million. Tembo is the Netherlands-based subsidiary of British energy transition firm VivoPower (NASDAQ:VVPR) focused on building fleets of electric-powered vehicles for off road or other specialized uses. The combined company is expected...
Agriculture & Natural Solutions (NASDAQ:ANSC) has entered into a definitive agreement to combine with Australian Food & Agriculture (AFA) at a valuation of $625 million, or 9.4x its 2024E revenue. The New South Wales, Australia based farming firm operates a diversified portfolio of crops and grazing land for sheep and cattle. The combined company is...
GigCapital7 announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIGGU”, Thursday, August 29, 2024. The new SPAC intends to combine with a technology target in the AI, medtech, sustainability, and broader TMT sectors. GigCapital7’s sponsor team is to be led...
At the SPAC of Dawn Certain things come in the threes and that was the case yesterday as AST SpaceMobile (NASDAQ:ASTS), AvePoint (NASDAQ:AVPT) and Westrock Coffee (NASDAQ:WEST) each announced moves to clear their warrant overhangs. In the case of software firm AvePoint and Westrock Coffee these were exchanges for cash and shares, but orbital telecom...
Ribbon Acquisition Corp. has filed for a $50 million SPAC with familiar terms to match its Asia-based team as it bumps underwriter Alliance Global Partners (AGP) up in the league tables. The terms include a trust funded to 100.0% with $10.00 per unit initially in the trust account and each of those units are to...