Carbon Revolution Public Limited Company reports that UMB Bank, acting through OIC Structured Equity Fund I GPFA Range, LLC, has petitioned the High Court of Ireland to wind up the company under section 569(1)(d) of the Irish Companies Act on the grounds it is unable to pay its debts. On July 31, 2026, the court appointed Nicholas O’Dwyer and Colm Dolan of Grant Thornton Ireland as joint liquidators on a provisional basis, pending a hearing of the winding-up petition scheduled for October 19, 2026 in Dublin.
The company explains that, following earlier Voluntary Administration in Australia, it no longer holds any equity interest in its former Australian subsidiaries or their businesses and now has only minimal assets or operations and no ability to pay its debts. OIC is described as the principal stockholder and UMB Bank as the principal creditor, with a Restructuring Support Agreement providing for OIC to fund the Irish liquidation process.
Carbon Revolution Public Ltd Co notified removal of its Ordinary Shares and Warrants from listing and registration on the Nasdaq Stock Market LLC. The Form 25 filing cites the Exchange and issuer compliance with the voluntary withdrawal rules under Section 12(b). The filing lists the Commission File Number 333-270047 and includes an Expires date of March 31, 2018.
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.
Carbon Revolution Public Ltd Co director Jonathan David Magaziner filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as a director and serves as the baseline disclosure of his equity interests in the company going forward. The filing does not report any buy or sell transactions.
Carbon Revolution Public Ltd Co director Christopher Aronne Leary has filed an initial statement of beneficial ownership as a board member. This Form 3-style disclosure establishes his status as an insider but does not report any share purchases, sales, exercises, gifts, or other transactions.
Carbon Revolution Public Ltd Co director Jacqueline A. Dedo filed a Form 3, which is an initial statement of beneficial ownership for insiders. The filing identifies her role as a director but shows no reported share transactions or derivative positions in the provided data.
Carbon Revolution plc is working on a strategic transaction with its secured lenders to address its capital structure. The company is in advanced discussions on a deal that would convert secured lender debt into equity in Carbon Revolution plc and/or its subsidiary Carbon Revolution Pty Ltd, representing all or a substantial majority of the equity securities.
The company states that such a transaction is expected to materially and substantially impair the value of its outstanding ordinary shares. Final terms depend on intercreditor negotiations and meeting certain conditions, with detailed terms and an implementation timetable expected to be announced within the next several weeks, including the impact on various stakeholder groups.
Carbon Revolution plc reports that a Nasdaq Hearings Panel has decided to delist its securities from Nasdaq. The decision is based on the company’s failure to meet the minimum shareholders’ equity requirement and to file its Annual Report on Form 20-F for the period ended June 30, 2025, as well as not providing sufficient information to support a planned strategic transaction. The company will not appeal, so trading on Nasdaq will be suspended at the open on February 9, 2026. Nasdaq also notified Carbon Revolution that its market value of publicly held shares had been below the $15,000,000 minimum for 30 consecutive business days, but the usual cure period is effectively overridden by the delisting decision.