Carbon Revolution Secures $35M from Equity Facility

TL;DR

Carbon Revolution snagged $35M from an equity facility, with $110M more possible.

AI Summary

Carbon Revolution Public Limited Company announced on January 24, 2025, that it 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 Carbon Revolution with crucial capital to continue its operations and pursue its strategic objectives, potentially impacting its ability to meet future financial obligations and growth targets.

Risk Assessment

Risk Level: medium — The company relies on future tranches of funding from the OIC Financing, which are subject to conditions, introducing uncertainty about the total capital available.

Key Numbers

• US$110M — Structured Equity Facility (Maximum potential funding available)
• US$35M — Initial Proceeds (Amount received on November 3)

Key Players & Entities

• Carbon Revolution Public Limited Company (company) — Registrant
• OIC Financing (financing) — Structured Equity Facility
• US$110 million (dollar_amount) — Total potential funding from OIC Financing
• US$35 million (dollar_amount) — Initial gross proceeds received
• November 3 (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
• $40 million — on of certain conditions, and a further $40 million was subject to funding upon the achieve
• $60 million — e executed and issued pursuant to the US$60 million New Debt Program arranged by PIUS Limit
• $25 million — chase Agreement to facilitate funding US$25 million of the remaining $40 million upon satis
• $2 million — olution Operations of an aggregate of US$2 million from the payment reserve fund establish
• $400,000 — Debt Program, in equal instalments of US$400,000 as additional term advances simultaneou
• $5 million — term advances simultaneously with each $5 million tranche of funding under the above-ment
• $5.4 million — nally, as required in respect of each US$5.4 million tranche of funding to be released under
• $5.6 million — 1, 2025 the Company had approximately US$5.6 million of unrestricted cash and approximately
• $3.6 million — f unrestricted cash and approximately US$3.6 million of restricted cash. The Company makes
• $15 million — tions to the receipt of the remaining US$15 million of the US$25 million for which the cond

Filing Documents

• ef20042264_6k.htm (6-K) — 14KB
• 0001140361-25-001849.txt ( ) — 16KB

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: January 24, 2025 By: /s/ Jacob Dingle Name: Jacob Dingle Title: Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR