Welcome to our dedicated page for Carbon Revolution Public Company news (Ticker: CREV), a resource for investors and traders seeking the latest updates and insights on Carbon Revolution Public Company stock.
Carbon Revolution Public Limited Company (Nasdaq: CREV) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company focused on the advanced manufacture of lightweight carbon fiber wheels for the global automotive industry. As a Tier 1 OEM and automotive supplier, the company reports that it designs and manufactures carbon fiber wheels for cars and SUVs in the high performance, premium and luxury segments for leading automotive brands, and is also developing wheels for electric vehicles under contract for OEM customers.
The CREV news feed on Stock Titan aggregates company announcements, press releases and related coverage so readers can follow how Carbon Revolution’s business and capital structure evolve over time. News items include updates on wheel programs for high performance and luxury vehicles, commentary on demand trends for EV-related programs, and disclosures about program cancellations and related claims that the company is pursuing.
Investors can also use the news page to track funding and liquidity developments. Carbon Revolution regularly reports on its structured equity facility with Orion Infrastructure Capital, additional tranches of funding, reserve releases under its New Debt Program, and changes to interest and repayment terms. These updates are often linked to the company’s liquidity position, its ability to fund operations and its efforts to support capacity for OEM customers.
Another recurring theme in CREV news is Nasdaq listing compliance. The company has issued multiple releases about non-compliance letters from Nasdaq related to minimum stockholders’ equity and filing requirements, as well as a Nasdaq decision to delist its securities and the company’s intention to appeal to a hearings panel. News items also highlight the company’s exploration of strategic and financing options and its disclosures about going concern uncertainties.
By reviewing the Carbon Revolution news stream, readers can see how operational performance, customer demand (including in the EV segment), financing arrangements and listing status interact. This makes the news page a useful resource for monitoring developments that may affect CREV’s risk profile and business outlook over time.
Carbon Revolution (CREV) has secured an additional US$5 million release from Orion Infrastructure Capital (OIC), bringing the total released amount to $15 million of the previously announced US$25 million facility. Additionally, Existing Noteholders have released US$400,000 from loan reserves, totaling US$1.2 million of the agreed US$2 million release.
As part of this funding arrangement, CREV will issue penny warrants to OIC and Existing Noteholders, representing 5.0% of the company's outstanding shares. Both lenders may agree to receive partial interest payments in kind rather than cash. This combined US$27 million funding package aims to support business liquidity and meet OEM customer demand, particularly for new programs entering production.
The company notes there are no guarantees of meeting conditions for the remaining US$10 million facility release and continues working to file its Annual Report to regain Nasdaq compliance.
Carbon Revolution (CREV), the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, has received an extension from Nasdaq regarding its listing compliance. The stock exchange has granted CREV until May 14, 2025 to file its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. During this exception period, CREV's securities will continue to be listed and traded on Nasdaq. The company must file the required report by the deadline to maintain its listing, provided it remains compliant with other Nasdaq listing rules.
Carbon Revolution (CREV) has secured an additional US$5 million release from Orion Infrastructure Capital (OIC), representing the second tranche of the previously announced US$25 million facility. Additionally, Existing Noteholders have released US$400,000 from loan reserves, bringing total reserve releases to US$800,000 of the agreed US$2 million.
As part of this funding arrangement, CREV will issue penny warrants to OIC and Existing Noteholders, representing 5.0% of outstanding shares. Both lenders may agree to accept partial interest payments in kind rather than cash. The combined US$27 million funding package aims to support business liquidity and fund customer demand satisfaction. The company is investing in capacity expansion with several new programs entering production soon.
Carbon Revolution (CREV) has secured a new US$25 million financing agreement with Orion Infrastructure Capital (OIC), to be released in five US$5 million tranches. Each tranche release includes penny warrants for OIC and existing noteholders, representing 5% of outstanding shares. Additionally, existing noteholders agreed to release US$2 million of loan reserves in five US$400,000 tranches.
The combined US$27 million funding package includes provisions for partial payment in kind for certain interest payments. The first tranche closed on December 20, 2024. The funding aims to support business liquidity and satisfy OEM customer demand as the company invests in capacity expansion and prepares for new production programs.
Carbon Revolution (CREV) has received a non-compliance notification from Nasdaq due to delayed filing of its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. The company has until January 21, 2025, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until May 14, 2025. The notification does not immediately affect the listing or trading of the company's ordinary shares or warrants. If Nasdaq rejects the plan, Carbon Revolution can appeal to a Nasdaq hearings panel.
Carbon Revolution (CREV) has received the final US$5 million release from OIC's escrowed US$35 million facility. The company issued OIC a warrant to purchase 2.5% of outstanding shares in connection with this release. The funds will support operations and capacity investments. While the original Securities Purchase Agreement with OIC provides for up to US$40 million in additional funding for manufacturing facilities, this is currently uncommitted. The company is in discussions with OIC regarding potential additional funding for liquidity and capacity expansion, subject to performance milestones and agreement from note holders under the New Debt Program.
Carbon Revolution plc (Nasdaq: CREV), a leading manufacturer of lightweight carbon fiber wheels for automobiles, has secured an additional $5 million from OIC as part of a larger $35 million escrowed facility. This brings the total released amount to $30 million. In exchange, the company issued OIC a warrant to purchase 2.5% of its outstanding shares. The funds will support Carbon Revolution's expansion efforts to meet growing demand from OEM customers.
The company is investing heavily in capacity and throughput, achieving record production rates. Recently, Carbon Revolution announced supply agreements for carbon fiber wheels with the Chevrolet Corvette ZR1 and Edition 2 Range Rover Sport SV, highlighting its market position in the high-performance automotive sector.
Carbon Revolution plc (Nasdaq: CREV), a leading manufacturer of lightweight carbon fiber wheels, announced its supply of 23-inch carbon fiber wheels for the new Range Rover Sport SV Edition Two. These wheels contribute to a 76kg total weight reduction, improving handling, acceleration, and ride quality. The carbon fiber wheel option has been popular since its debut on the Edition One, with demand described as 'off the chart'.
CEO Jake Dingle highlighted that as wheel diameters increase, the weight savings become more significant. The wheels, built on Carbon Revolution's Mega-line, feature the company's patent-pending Diamond Weave Technology™ and are available in Satin and Gloss finishes. This announcement follows Carbon Revolution's recent wins at the 2024 Automotive News Pace Awards.
Carbon Revolution plc (Nasdaq: CREV), a leading manufacturer of lightweight advanced technology automotive carbon fiber wheels, has announced the early release of an additional $5 million from OIC's escrowed $35 million facility. This brings the total released amount to $25 million. In exchange, the Company issued OIC a warrant to purchase shares equal to 2.5% of its outstanding shares.
The funds will support Carbon Revolution's efforts to meet growing demand from OEM customers. The Company is investing heavily in capacity and throughput, achieving record wheel production rates. This news follows the recent announcement of Carbon Revolution supplying carbon fiber wheels for the newly revealed Chevrolet Corvette ZR1.
Carbon Revolution plc (Nasdaq: CREV) has announced it will supply carbon fiber wheels for the newly revealed Chevrolet Corvette ZR1. This marks the third Corvette model to feature the company's innovative wheels. The carbon fiber wheels are 42.8 lbs (19.4kg) lighter than the aluminum alternative, significantly reducing the vehicle's rotating, unsprung mass. Carbon Revolution's team utilized their Diamond Weave Technology™ and developed a unique internal fiber architecture to meet GM's high standards for strength, weight, and durability. The rear wheels, at 21 inches tall and 13 inches wide, are among the world's widest carbon fiber wheels. This collaboration follows Carbon Revolution's recent wins at the 2024 Automotive News Pace Awards, including a PACE Partner Award for their work with GM on the C8 Corvette Z06 and E-Ray wheels.
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