Funding Agreement - Carbon Revolution plc has reached an agreement with Orion Infrastructure Capital to provide up to US$7 million in funding, with US$5 million released on October 31, 2025, in exchange for additional senior secured notes [1][2] - The second tranche of US$2 million is contingent upon mutual agreement and is expected to be released no earlier than March 31, 2026 [3] Program Cancellations - The company has canceled two electric vehicle wheel programs due to declining demand in the broader EV market, which was initially expected to contribute significant wheel volumes [4][5] - The company is pursuing claims related to these canceled programs [5] Revenue Forecasts and Compliance - Due to lower than expected demand, the company has revised its revenue forecasts downward and slowed its short-term expansion plans [4][5] - The company is currently not in compliance with certain Nasdaq continued listing requirements and has submitted a compliance plan, awaiting Nasdaq's determination [6] Additional Funding Needs - Despite the recent funding, the company anticipates needing additional funding in the short term and is actively seeking strategic alternatives to be completed within the fiscal year ending June 30, 2026 [7][8] - The need for liquidity is partially dependent on the outcome of customer claims related to the canceled programs [8] 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 [9]

Core Viewpoint - Carbon Revolution plc, a leading manufacturer of lightweight carbon fiber wheels, will hold a conference call on May 15, 2025, to discuss its fiscal 2024 results [1][2]. Group 1: Company Overview - Carbon Revolution plc (Nasdaq: CREV) is a Tier 1 automotive supplier specializing in the advanced manufacture of carbon fiber wheels for the global automotive industry [4]. - The company has transitioned from producing single prototypes to designing and manufacturing lightweight wheels for high-performance, premium, and luxury vehicles [4]. - Carbon Revolution aims to create a sustainable advanced technology business that supplies its innovative wheel technology to automotive manufacturers worldwide [4]. Group 2: Conference Call Details - The earnings press release will be issued after market close on May 14, 2025, and will be available on the company's investor website [2]. - The conference call can be accessed via the internet or by telephone, with specific numbers provided for domestic and international callers [2]. - A replay of the conference call will be available from May 15, 2025, until May 29, 2025, with access details provided [3].