Carbon Revolution Secures Up to $110M Equity Facility

TL;DR

Carbon Revolution lands up to $110M equity facility, already got $35M in Nov 2023.

AI Summary

Carbon Revolution Public Limited Company announced on June 24, 2024, that it has entered into agreements for a Structured Equity Facility, referred to as the OIC Financing, which could provide up to US$110 million in funding. The company has already received an initial gross proceeds of US$35 million on November 2023, subject to various conditions precedent for each funding tranche.

Why It Matters

This financing provides Carbon Revolution with significant capital to support its operations and growth, potentially impacting its ability to meet future production demands and expand its market reach.

Risk Assessment

Risk Level: medium — While the facility offers substantial funding, it is subject to conditions precedent, introducing uncertainty regarding the full amount of capital that will ultimately be available.

Key Numbers

• US$110M — Structured Equity Facility (Maximum potential funding available to the company.)
• US$35M — Initial Proceeds (Amount already received by the company from the facility.)

Key Players & Entities

• Carbon Revolution Public Limited Company (company) — Registrant
• OIC Financing (financing) — Structured Equity Facility
• US$110 million (dollar_amount) — Maximum potential funding from the equity facility
• US$35 million (dollar_amount) — Initial gross proceeds received
• November 2023 (date) — Date initial proceeds were received

FAQ

Key Financial Figures

• $110 million — ility (the "OIC Financing") for up to US$110 million in funding, subject to satisfying vario
• $35 million — unding. The initial gross proceeds of US$35 million were received by the Company on Novembe
• $5 million — nt, providing for an early release of US$5 million from escrow in exchange for shares of a
• $30 million — hat all or a portion of the remaining US$30 million held in the escrow account may be relea
• $30 million — ture provides for the issuance of up to $30 million aggregate principal amount of Series 20
• $25 million — ding for the release of the remaining US$25 million in escrow in five tranches, each equal
• $5 m — scrow in five tranches, each equal to US$5 million, subject to satisfying certain re
• $10 million — e payable on the Series 2024-A Notes by $10 million (the "Additional Exit Fee") and (iii) a
• $100,000 — e "Additional Exit Fee") and (iii) adds $100,000 to the aggregate principal amount of th
• $5.6 million — Notes, the Company has approximately US$5.6 million of unrestricted cash and approximately
• $4.8 million — f unrestricted cash and approximately US$4.8 million of restricted cash as of June 23, 2024.

Filing Documents

• ef20031513_6k.htm (6-K) — 24KB
• ef20031513_ex99-1.htm (EX-99.1) — 143KB
• ef20031513_ex99-2.htm (EX-99.2) — 274KB
• ef20031513_ex99-4.htm (EX-99.4) — 196KB
• ef20031513_ex99-6.htm (EX-99.6) — 106KB
• ef20031513_ex99-7.htm (EX-99.7) — 103KB
• ef20031513_ex99-8.htm (EX-99.8) — 106KB
• 0001140361-24-031006.txt ( ) — 954KB

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: June 24, 2024 By: /s/ Jacob Dingle Name: Jacob Dingle Title: Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR