Carbon Revolution Secures Further Release of $5 Million from OIC and further $0.4 Million Reserve Release from Existing Lenders

Core Viewpoint - Carbon Revolution plc has announced the release of an incremental US$5 million from a previously announced US$25 million facility, aimed at supporting the company's liquidity and capacity expansion to meet OEM customer demand [1][2]. Funding and Financial Structure - The total funding released from the US$25 million facility now amounts to US$10 million, with an additional US$400,000 released from existing loan reserves, bringing the total reserves released to US$800,000 out of an agreed US$2 million [1][2]. - The company will issue penny warrants to OIC and Existing Noteholders, allowing them to purchase shares equal to 5.0% of the company's outstanding shares [1]. Business Operations and Strategy - The incremental funding is intended to support ongoing liquidity and fund substantial investments in capacity and throughput, with new programs expected to enter production soon [2]. - The company is actively working to file its Annual Report to regain compliance with Nasdaq Listing Rule 5250(c)(1) [3]. Company Overview - Carbon Revolution plc is a leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, supplying to high-performance, premium, and luxury automotive brands [4].