Carbon Revolution Secures Up to $110M Equity Facility
Ticker: CREVF · Form: 6-K · Filed: Apr 11, 2024 · CIK: 1960208
| Field | Detail |
|---|---|
| Company | Carbon Revolution Public LTD CO (CREVF) |
| Form Type | 6-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $110 million, $35 million, $5 million, $35 million, $30 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, equity-facility, funding
TL;DR
Carbon Revolution lands up to $110M equity facility, already got $35M in Nov '23.
AI Summary
Carbon Revolution Public Limited Company announced on April 11, 2024, that it has entered into agreements for a Structured Equity Facility, also known as OIC Financing, which could provide up to US$110 million in funding. The company received an initial net proceeds of US$35 million on November 3, 2023, subject to various conditions precedent for each funding tranche.
Why It Matters
This financing provides Carbon Revolution with potential capital to support its operations and growth, subject to meeting certain conditions.
Risk Assessment
Risk Level: medium — The funding is subject to various conditions precedent, meaning the full amount may not be realized.
Key Numbers
- US$110M — Structured Equity Facility (Maximum potential funding available)
- US$35M — Initial Proceeds (Amount received on November 3, 2023)
Key Players & Entities
- Carbon Revolution Public Limited Company (company) — Registrant
- US$110 million (dollar_amount) — Maximum potential funding from Structured Equity Facility
- US$35 million (dollar_amount) — Initial net proceeds received
- November 3, 2023 (date) — Date initial proceeds were received
FAQ
What is the total potential amount Carbon Revolution can receive from the Structured Equity Facility?
Carbon Revolution can receive up to US$110 million from the Structured Equity Facility.
When did Carbon Revolution receive the initial proceeds from this financing?
The company received initial net proceeds of US$35 million on November 3, 2023.
What is the name of the financing facility Carbon Revolution has entered into?
The financing facility is called a Structured Equity Facility, also referred to as OIC Financing.
Are there any conditions attached to the funding tranches?
Yes, the funding is subject to satisfying various conditions precedent to each tranche of funding.
What is the filing type and date?
This is a Form 6-K filed on April 11, 2024.
Filing Stats: 805 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-04-11 08:28:05
Key Financial Figures
- $110 million — Facility ("OIC Financing") for up to US$110 million in funding, subject to satisfying vario
- $35 million — funding. The initial net proceeds of US$35 million were received by the Company on Novembe
- $5 million — "), providing for an early release of US$5 million from escrow in exchange for, among othe
- $35 million — upon the release of the aggregate of US$35 million held in escrow subject to the applicabl
- $30 million — of all or a portion of the remaining US$30 million from escrow with there being no assuran
Filing Documents
- ef20026691_6k.htm (6-K) — 15KB
- ef20026691_ex99-1.htm (EX-99.1) — 66KB
- ef20026691_ex99-2.htm (EX-99.2) — 121KB
- ef20026691_ex99-3.htm (EX-99.3) — 25KB
- ef20026691_ex99-4.htm (EX-99.4) — 115KB
- ef20026691_ex99-5.htm (EX-99.5) — 80KB
- image00001.jpg (GRAPHIC) — 2KB
- 0001140361-24-019234.txt ( ) — 428KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Carbon Revolution Public Limited Company Date: April 11, 2024 By: /s/ Jacob Dingle Name: Jacob Dingle Title: Chief Executive Officer