Carbon Revolution plc announced the release of an incremental US$5 million from the US$25 million facility secured with Orion Infrastructure Capital (OIC) in December 2024. This latest release brings the total amount received from this facility to US$10 million. The funding is part of a broader agreement to support the company's liquidity and operational needs.
In conjunction with this US$5 million tranche, Existing Noteholders under the US$60 million PIUS loan released an additional US$400,000 from existing loan reserves. This brings the total reserves released to US$800,000 out of the agreed-upon US$2 million. These funds are crucial for supporting ongoing liquidity and investments in capacity and throughput.
As part of the financing terms, Carbon Revolution will issue penny warrants to OIC and Existing Noteholders, representing an aggregate of 5.0% of the company's shares outstanding for this tranche. The company continues to work towards satisfying the conditions for the remaining US$15 million of the US$25 million facility, though it offers no assurances of meeting these conditions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.