Carbon Revolution (CREV) exits Aussie units, plans orderly liquidation

Rhea-AI Filing Summary

Carbon Revolution Public Limited Company announced that its wholly owned Australian subsidiaries have emerged from Voluntary Administration in Australia after completing a financial recapitalization supported by substantially all senior secured lenders. These subsidiaries include Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd.

Following this recapitalization, Carbon Revolution plc no longer has any continuing equity interest in the Australian subsidiaries or their businesses. The company anticipates that a process will soon begin for the orderly wind down and liquidation of Carbon Revolution plc in accordance with Irish law.

Positive

• None.

Negative

• Carbon Revolution plc has ceased to have any continuing equity interest in its Australian subsidiaries following their recapitalization under Voluntary Administration, and the company anticipates an orderly wind down and liquidation under Irish law.

Insights

Distressed restructuring analyst

Carbon Revolution exits core assets and signals an orderly liquidation.

Carbon Revolution’s Australian subsidiaries have completed a lender-backed recapitalization under Voluntary Administration. As a result, the parent company has ceased to have any continuing equity interest in those subsidiaries or their operating businesses.

This effectively transfers the economic value of the Australian operations away from Carbon Revolution plc to the recapitalized structure. The company also anticipates an orderly wind down and liquidation of Carbon Revolution plc under Irish law, indicating a terminal outcome for existing equity at the parent level.

Key Figures

Emergence date: May 18, 2026 Number of Australian subsidiaries: 2 subsidiaries Report signing date: May 19, 2026

3 metrics

Emergence date May 18, 2026 Date Australian subsidiaries emerged from Voluntary Administration

Number of Australian subsidiaries 2 subsidiaries Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd

Report signing date May 19, 2026 Date the report was signed by the General Counsel

Key Terms

Voluntary Administration, Restructuring Support Agreement, senior secured lenders, financial recapitalization, +1 more

5 terms

Voluntary Administration financial

"have emerged from Voluntary Administration in Australia"

Voluntary administration is when a company’s directors choose to bring in an independent professional to take temporary control and decide whether the business can be rescued, sold, or wound down in a way that returns more value to creditors than an immediate shutdown. Think of it as hiring an emergency manager to stabilize finances and map options; for investors it signals serious financial distress and can sharply change the value of shares or the likelihood of getting paid back.

Restructuring Support Agreement financial

"entered into a Restructuring Support Agreement with substantially all its senior secured lenders"

A restructuring support agreement is a written deal between a company and its key creditors or stakeholders that lays out how debts, contracts, or ownership will be changed to fix the company’s finances. It matters to investors because it reduces uncertainty by signaling a negotiated path to solvency or debt relief—like neighbors agreeing on a repayment plan—so it influences how much creditors and shareholders are likely to recover and how quickly the company can move forward.

senior secured lenders financial

"substantially all its senior secured lenders, who agreed to the financial recapitalization"

financial recapitalization financial

"agreed to the financial recapitalization of Carbon Revolution’s business in Australia"

liquidation financial

"a process will shortly commence for the orderly wind down and liquidation of Carbon Revolution plc"

Liquidation is the process of turning a company’s assets into cash to pay off debts and close the business, often by selling property, inventory or investments. For investors it matters because liquidation determines whether there will be any money left for shareholders after creditors are paid and how much they might recover — like a garage sale where items are sold to settle bills, with leftovers (if any) shared last.

Form 6-K: How Foreign Companies Report to the SEC →

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 May, 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 May 18, 2026 (ET), Carbon Revolution Public Limited Company (the “Company”) (CREV) announced that the Company’s wholly owned Australian subsidiaries have emerged from Voluntary Administration in Australia. Such Australian subsidiaries include Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd (the “Australian Subsidiaries”).

As disclosed in the Company’s 6-K dated March 26, 2026, the Company and its Australian Subsidiaries entered into a Restructuring Support Agreement with substantially all its senior secured lenders, who agreed to the financial recapitalization of Carbon Revolution’s business in Australia pursuant to the Voluntary Administration.

The organized recapitalization was recommended for approval by the Administrators who were appointed by the Board of the Australian Subsidiaries, and was approved by the Australian Subsidiaries’ creditors.

Following completion of the recapitalization of the Australian business through the Voluntary Administration, the Company has now ceased to have any continuing equity interest in the Australian Subsidiaries or their businesses. It is anticipated that a process will shortly commence for the orderly wind down and liquidation of Carbon Revolution plc, in accordance with Irish law.

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: May 19, 2026
	By:	/s/ David Nock
	Name:	David Nock
	Title:	General Counsel

FAQ

What did Carbon Revolution plc announce in its May 2026 6-K for CREV?

Carbon Revolution plc announced that its Australian subsidiaries emerged from Voluntary Administration after a lender-backed recapitalization. Following this process, the parent no longer holds any equity interest in those subsidiaries and anticipates an orderly wind down and liquidation under Irish law.

What happened to Carbon Revolution’s Australian subsidiaries in this CREV filing?

Carbon Revolution’s Australian subsidiaries, including Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd, completed a financial recapitalization through Voluntary Administration. They have now emerged from administration, with substantially all senior secured lenders supporting the recapitalization plan in Australia.

Does Carbon Revolution plc still own its Australian subsidiaries after this 6-K?

Carbon Revolution plc stated it has ceased to have any continuing equity interest in its Australian subsidiaries or their businesses. This followed completion of the recapitalization conducted through Voluntary Administration and supported by substantially all senior secured lenders in Australia.

What future steps does Carbon Revolution plc expect after the Australian recapitalization?

Carbon Revolution plc anticipates that a process will shortly commence for the orderly wind down and liquidation of the company in accordance with Irish law. This follows the recapitalization of its Australian business and the loss of its continuing equity interest in the Australian subsidiaries.

How were Carbon Revolution’s lenders involved in the Australian restructuring for CREV?

Carbon Revolution and its Australian subsidiaries entered a Restructuring Support Agreement with substantially all senior secured lenders. Those lenders agreed to a financial recapitalization of the Australian business under Voluntary Administration, which was recommended by Administrators and approved by creditors.