Carbon Revolution (OTC: CREVF) sets Australian administration and plans plc liquidation
Rhea-AI Filing Summary
Carbon Revolution plc announced that its wholly owned Australian subsidiaries have entered a planned Voluntary Administration process in Australia and signed a Restructuring Support Agreement with substantially all senior secured lenders. The restructuring is intended to remove senior secured debt and certain legacy obligations so the Australian operations can continue as a privately held business.
Once the Voluntary Administration and restructuring are completed, Carbon Revolution plc is expected to cease having any equity interest in the Australian subsidiaries or their businesses. The Restructuring Support Agreement also contemplates an orderly wind down and liquidation of Carbon Revolution plc, whose ordinary shares trade on the OTC Expert Market, in accordance with Irish law.
Positive
- None.
Negative
- Planned liquidation of listed parent: The Restructuring Support Agreement anticipates that, after the Australian subsidiaries exit Voluntary Administration, Carbon Revolution plc will have no continuing equity interest in those businesses and will proceed to an orderly wind down and liquidation under Irish law.
Insights
Filing outlines loss of group equity and planned liquidation of the listed parent.
Carbon Revolution plc is pivoting its Australian operating subsidiaries into Voluntary Administration with a Restructuring Support Agreement backed by substantially all senior secured lenders. The goal is to strip out senior secured debt and legacy obligations while preserving operations and customer relationships in Australia.
The filing states that, after this restructuring, the Australian business is expected to emerge as a privately held company with no continuing equity interest for Carbon Revolution plc. For existing shareholders, this is highly adverse: the agreement provides for an orderly wind down and liquidation of the listed parent, whose shares trade on the OTC Expert Market.
Operations in Australia are expected to continue during the process, with production schedules, deliveries, and product development maintained. The statement also notes an anticipated re-emergence of the restructured Australian business in Q2 2026, though financial outcomes for creditors and shareholders will depend on the eventual administration and liquidation outcomes.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2026
Commission File Number: 001-41856
Carbon Revolution Public Limited Company
(Exact name of registrant as specified in its charter)
10 Earlsfort Terrace
Dublin 2, D02 T380, Ireland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F:
| Form 20-F | ☒ | Form 40-F | ☐ |
INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
On March 26, 2026 (AEDT), Carbon Revolution Public Limited Company (the “Company”) issued a press release announcing that the Company’s wholly owned Australian subsidiaries have decided to initiate a planned Voluntary Administration in Australia. Such Australian subsidiaries include Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd (the “Australian Subsidiaries”).
The Company and its Australian Subsidiaries have entered into a Restructuring Support Agreement (RSA) with substantially all its senior secured lenders, who have agreed to the financial restructure of Carbon Revolution’s business in Australia upon its exit from Voluntary Administration. The organized restructuring is subject to the approval of the Administrators who were appointed by the Board of the Australian Subsidiaries, and the Australian subsidiaries’ creditors.
It is expected that, upon the completion of the restructuring of the Australian business through the Voluntary Administration, the Company will cease to have any continuing equity interest in the Australian Subsidiaries or their businesses. Accordingly, the RSA provides for the orderly wind down and liquidation of the Company, a publicly-traded company whose ordinary shares are traded in the OTC Expert Market, in accordance with Irish law, which it is anticipated will commence shortly following the emergence of the Australian business from Voluntary Administration.
A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 26, 2026 (AEDT) |
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: March 26, 2026 | ||
| By: | /s/ David Nock | |
| Name: | David Nock | |
| Title: | General Counsel | |
Exhibit 99.1
Carbon Revolution Issues Statement on Voluntary Administration
Geelong, Australia, March 26, 2026 (AEDT) – Carbon Revolution plc (OTC Expert Market: CREVF) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today issued the following statement.
The Company’s wholly owned Australian subsidiaries have decided to initiate a planned Voluntary Administration in Australia. Such Australian subsidiaries include Carbon Revolution Pty. Ltd. and Carbon Revolution Operations Pty Ltd (the “Australian Subsidiaries”).
The Company and its Australian Subsidiaries believe that today’s decision is the gateway to enabling the Australian Subsidiaries to become a nimble and financially secure global leader in lightweight wheel technology. This critical step is intended to set the stage to drive a new era of growth, further technological innovation, and enhance customer engagement as the Australian business seeks to further strengthen relationships with its customers, suppliers, and employees.
“Now is the right time for Carbon Revolution to engage in this process, one that holds the opportunity of a de-leveraged balance sheet and the ability to expand the depth of our relationships with our current customers and add new ones” Eugene Davis, director of the Australian Subsidiaries, said.
The Company and its Australian Subsidiaries have entered into a Restructuring Support Agreement (RSA) with substantially all its senior secured lenders, who have agreed to the financial restructure of Carbon Revolution’s business in Australia upon its exit from Voluntary Administration. This organized restructuring is designed to enable Carbon Revolution’s Australian Subsidiaries to unburden themselves of all senior secured debt and certain other legacy obligations, so that they can emerge as a stronger, privately-held business. The organized restructuring is subject to the approval of the Administrators (who were appointed by the Board of the Australian Subsidiaries) and the Australian subsidiaries’ creditors.
Coming out of Voluntary Administration, the restructured Carbon Revolution business in Australia can look forward to unlocking the growing global market for lightweight wheels through its strategic Four Pillar Framework:
| ● | Right Technology: Continue to focus on lightweight engineering products and processes. | |
| ● | Right Products: Maintain its status globally as the leader in carbon fiber wheels. | |
| ● | Right Geography: Reduce cost and manufacture closer to its customers, significantly shortening its supply chain, and improving its speed of delivery. | |
| ● | Right Customers: Drive customer satisfaction, a foundational discipline that is the promise to every customer. Carbon Revolution’s “win with winners” initiative. |
“As the market’s appreciation for the value that carbon fiber wheels deliver continues to grow, the restructured business will be well set up to be a prime beneficiary of this trend at just the right time,” Bob Lutz, Chairman of Carbon Revolution plc., said.
Carbon Revolution’s operations in Australia will continue through this period with production schedules met, deliveries made, and the development of new products ongoing. It is anticipated that the restructured Australian business can re-emerge in Q2 2026 with the capital and market positioning necessary to execute on its strategic plan.
It is expected that, upon the completion of the restructuring of the Australian business through the Voluntary Administration, Carbon Revolution plc will cease to have any continuing equity interest in the Australian Subsidiaries or their businesses. Accordingly, the RSA provides for the orderly wind down and liquidation of Carbon Revolution plc., a publicly-traded company whose ordinary shares are traded in the OTC Expert Market, in accordance with Irish law, which it is anticipated will commence shortly following the emergence of the Australian business from Voluntary Administration.
“We want to extend our abiding gratitude to our employees, customers, suppliers, shareholders, and so many others for supporting us through this journey,” Mr. Lutz said.
About Carbon Revolution plc
Carbon Revolution plc (OTC Expert Market: CREVF) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world’s most prestigious automotive brands.
For more information, visit carbonrev.com
Forward Looking Statements
All statements other than statements of historical facts contained in this communication are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company’s plans for a strategic or financing transaction and the impact thereof. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Carbon Revolution’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from such assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Carbon Revolution.
These forward-looking statements are subject to a number of risks and uncertainties, including (i) the timing and results of completion of the Voluntary Administration; (ii) changes in domestic and foreign business, market, financial, political and legal conditions; (iii) risks related to the rollout of Carbon Revolution’s business strategy and the timing of expected business milestones; (iv) the effects of competition on Carbon Revolution’s future business and the ability of the combined company to grow and manage growth, establish and maintain relationships with customers and retain its management and key employees; (v) risks related to domestic and international political and macroeconomic uncertainty including tariffs and trade policy and the Russia-Ukraine and Middle Eastern conflicts; (vi) the outcome of any legal proceedings that may be instituted against Carbon Revolution; (vii) the impact of pandemic and governmental responses on any of the foregoing risks; (viii) risks related to Carbon Revolution’s industry; (ix) changes in laws and regulations; and (x) those factors discussed in the documents Carbon Revolution filed with the SEC, including the Annual Report on Form 20-F for the financial year ended June 30, 2024.
If any of these risks materialize or Carbon Revolution’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Carbon Revolution does not presently know or that Carbon Revolution currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Carbon Revolution’s expectations, plans or forecasts of future events and views as of the date of this communication. Carbon Revolution anticipates that subsequent events and developments will cause Carbon Revolution’s assessments to change. However, while Carbon Revolution may elect to update these forward-looking statements at some point in the future, Carbon Revolution specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Carbon Revolution’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For further information, please contact:
Investors
Investors@carbonrev.com
Media
Media@carbonrev.com
FAQ
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Filing Exhibits & Attachments
2 documentsPress Releases
