Carbon Revolution Secures $35M Initial Funding from Equity Facility

TL;DR

Carbon Revolution just got $35M from a new equity facility, with $110M total possible. Big cash infusion!

AI Summary

Carbon Revolution Public Limited Company announced on December 23, 2024, that it has received an initial gross proceeds of US$35 million from a Structured Equity Facility, also known as the OIC Financing. This facility provides for up to US$110 million in funding, contingent on meeting various conditions for each funding tranche.

Why It Matters

This funding provides crucial capital for Carbon Revolution, potentially enabling them to meet their operational and strategic objectives.

Risk Assessment

Risk Level: medium — The funding is subject to conditions precedent for each tranche, indicating potential hurdles to accessing the full amount.

Key Numbers

• US$110M — Structured Equity Facility (Maximum potential funding available)
• US$35M — Initial Funding (Amount received on December 23, 2024)

Key Players & Entities

• Carbon Revolution Public Limited Company (company) — Registrant
• US$110 million (dollar_amount) — Total potential funding from Structured Equity Facility
• US$35 million (dollar_amount) — Initial gross proceeds received
• December 23, 2024 (date) — Filing date and date of initial funding receipt

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 — viously disclosed, on April 10, 2024, US$5 million of the US$35 million in the Escrow Acco
• $5 million — eptember 5, 2024 and October 30, 2024 US$5 million was released from the Escrow Account. A
• $40 million — Purchase Agreement provides for up to US$40 million of additional funding by OIC. On Decemb
• $25 million — t to facilitate funding an additional US$25 million upon satisfaction of certain conditions
• $15 million — uch $25 million or secure the remaining $15 million of funding under the Securities Purchas
• $5 m — llion in five tranches, each equal to US$5 million, subject to satisfying certain co
• $20 million — on December 20, 2024, the additional US$20 million of funding will be released in US$5 mil
• $2 million — rtization of the Series 2023-A Notes is $2 million during the same period) is the same as
• $60 million — iod) is the same as applicable to the US$60 million aggregate principal amount of Series 20
• $30.4 million — amount of Series 2023-A Notes and the US$30.4 million aggregate principal amount of Series 20
• $400,000 — the Company, in equal installments of US$400,000 each with each $5 million tranche of fu
• $3 million — nterest not to exceed an aggregate of US$3 million (the "Cash Interest Suspension Period")
• $4.9 million — elease, the Company has approximately US$4.9 million of unrestricted cash and approximately

Filing Documents

• ef20040552_6k.htm (6-K) — 28KB
• ef20040552_ex99-1.htm (EX-99.1) — 63KB
• ef20040552_ex99-2.htm (EX-99.2) — 220KB
• ef20040552_ex99-4.htm (EX-99.4) — 186KB
• ef20040552_ex99-5.htm (EX-99.5) — 104KB
• ef20040552_ex99-6.htm (EX-99.6) — 97KB
• 0001140361-24-050262.txt ( ) — 699KB

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: December 23, 2024 By: /s/ Jacob Dingle Name: Jacob Dingle Title: Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR