The Geelong company which is trying to merge with a US group and list on a US exchange, said a re-audit is underway but incomplete.
with a United States group that would result in a likely listing on the Nasdaq exchange in New York, went into yet another trading halt on Tuesday as its December quarter update was delayed.a public float
The company eventually filed its December cash flow statement at 7.06pm on Tuesday night, several hours after ASX trading finished. Carbon Revolution said it “now estimates” it needed $27.8 million of bridge funding, not the full $30 million, and that it had identified “potential liquidity improvements” worth $10.3 million and was working to secure these from various stakeholders. It also said that December quarter sales revenue was $7.6 million, in line with a previously lowered estimate, and that it had $14.1 million in cash as at December 31.
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