Carbon Revolution Secures Up to $110M Equity Facility
Ticker: CREVF · Form: 6-K · Filed: Jul 11, 2024 · CIK: 1960208
| Field | Detail |
|---|---|
| Company | Carbon Revolution Public LTD CO (CREVF) |
| Form Type | 6-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $110 million, $35 million, $5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, equity-facility, funding
TL;DR
Carbon Revolution lands up to $110M equity facility, already got $35M.
AI Summary
Carbon Revolution Public Limited Company announced on July 11, 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 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 financing is subject to various conditions precedent, meaning the full amount may not be realized.
Key Numbers
- US$110M — Maximum Equity Facility (Potential funding available through the OIC Financing.)
- US$35M — Initial Proceeds (Amount already received from the OIC Financing on November 3, 2023.)
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 OIC Financing
- US$35 million (dollar_amount) — Initial gross proceeds received
- November 3, 2023 (date) — Date initial proceeds were received
FAQ
What is the total potential funding available through the OIC Financing?
The OIC Financing provides for up to US$110 million in funding.
When did Carbon Revolution receive its initial funding from the OIC Financing?
The company received initial gross proceeds of US$35 million on November 3, 2023.
What are the conditions for receiving the full OIC Financing amount?
The funding is subject to satisfying various conditions precedent to each tranche of funding.
What is the filing form and date?
This is a Form 6-K filed on July 11, 2024.
What is the company's principal executive office address?
The principal executive office is located at 10 Earlsfort Terrace, Dublin 2, D02 T380, Ireland.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 20 · Accepted 2024-07-11 06:57:45
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 — 2024, May 24, 2024 and June 21, 2024, US$5 million was released from the escrow account (e
Filing Documents
- ef20032297_6k.htm (6-K) — 11KB
- 0001140361-24-032882.txt ( ) — 12KB
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: July 11, 2024 By: /s/ Jacob Dingle Name: Jacob Dingle Title: Chief Executive Officer