Carbon Revolution Draws $35M More from Equity Facility
Ticker: CREVF · Form: 6-K · Filed: May 12, 2025 · CIK: 1960208
| Field | Detail |
|---|---|
| Company | Carbon Revolution Public LTD CO (CREVF) |
| Form Type | 6-K |
| Filed Date | May 12, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, equity-facility, funding
TL;DR
Carbon Revolution just pulled another $35M from their OIC Financing, total now $70M drawn, still $40M left.
AI Summary
Carbon Revolution Public Limited Company announced on May 12, 2025, that it has drawn down an additional US$35 million under its Structured Equity Facility (OIC Financing). This brings the total drawn to US$70 million, with up to US$40 million remaining available. The company previously received an initial US$35 million on November 3, 2023.
Why It Matters
This additional funding provides Carbon Revolution with continued financial resources to support its operations and strategic initiatives.
Risk Assessment
Risk Level: medium — While the company is securing funding, the reliance on a structured equity facility and the remaining conditions for further tranches indicate ongoing financial risk.
Key Numbers
- US$110M — Total Structured Equity Facility (Maximum potential funding available)
- US$70M — Total Drawn (Amount drawn as of May 12, 2025)
- US$40M — Remaining Available (Funding still accessible under the facility)
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 on November 3, 2023
- US$35 million (dollar_amount) — Additional drawdown announced May 12, 2025
- US$70 million (dollar_amount) — Total drawn as of May 12, 2025
- US$40 million (dollar_amount) — Remaining available funding
FAQ
What is the total amount Carbon Revolution has drawn from the OIC Financing as of May 12, 2025?
As of May 12, 2025, Carbon Revolution has drawn a total of US$70 million from the OIC Financing, consisting of the initial US$35 million received on November 3, 2023, and an additional US$35 million.
How much more funding can Carbon Revolution potentially receive under the Structured Equity Facility?
Carbon Revolution can potentially receive up to an additional US$40 million under the Structured Equity Facility, bringing the total potential funding to US$110 million.
When was the initial tranche of funding received under the OIC Financing?
The initial gross proceeds of US$35 million were received by the Company on November 3, 2023.
What is the total maximum amount available under the Structured Equity Facility?
The total maximum amount available under the Structured Equity Facility (OIC Financing) is up to US$110 million.
What is the filing type and date?
This is a Form 6-K filed on May 12, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 12, 2025 regarding Carbon Revolution Public Ltd Co (CREVF).