Twin Ridge Capital Acquisition Corp.
TRCA-UN
New York Stock Exchange7.74
USD
+1.13
- -
CIK
0001840353
ISIN
KYG9151L1041
Return %
Stock
S&P500
1Y
-22.99
18.21
3Y
-22.21
64.38
5Y
-22.21
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William P. Russell Jr.
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 999 Vanderbilt Beach Road Naples FL United States of America 34108
- IPO Date
- Mar 4, 2021
- CIK
- 0001840353
- Website
- twinridgecapitalac.com
- Similar Companies
- Business
- Twin Ridge Capital Acquisition Corp. Twin Ridge Capital Acquisition Corp. (NYSE:TRCA-UN) is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing primarily on opportunities in the consumer and distribution sectors; it offers no current products or services beyond its SPAC structure, including units comprising one Class A ordinary share and one-half of one redeemable warrant. Incorporated in 2021 and headquartered in Naples, Florida, the company conducts global operations with an emphasis on targets exhibiting strong growth potential in consumer-related industries. Leadership includes CEO William P. Russell, Jr., and prior CEO Sanjay K. Morey, supported by underwriters Barclays and Evercore from its March 2021 initial public offering that raised $213 million. In its most significant development, Twin Ridge Capital Acquisition Corp. completed a $270 million business combination with Carbon Revolution Limited, a Geelong, Australia-based manufacturer of lightweight carbon fiber wheels for high-performance automotive applications, on November 3, 2023, following shareholder approval on October 12, 2023, and an initial announcement on November 29, 2022; the deal provided Carbon Revolution $95 million in gross proceeds, including $35 million from an OIC-affiliated structured equity facility and $60 million from a committed equity facility, after high redemptions of approximately 99% of eligible shares. Post-combination, the surviving entity trades on Nasdaq as Carbon Revolution plc (CREV) with warrants (CREVW), while TRCA-UN units persist as legacy securities.