Carbon Revolution plc announced that it received a letter from the Nasdaq Stock Market on January 31, 2025, granting an exception to Nasdaq's Listing Rule 5250(c)(1). This exception provides the company until May 14, 2025, to file its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. The company's securities will remain listed and traded on Nasdaq during this exception period.
This extension provides Carbon Revolution with additional time to complete and submit the required financial report, alleviating immediate concerns regarding its Nasdaq listing status. The company must file the Annual Report by the May 14, 2025 deadline to remain in compliance with Nasdaq's listing rules.
Carbon Revolution stated it is diligently working to file the Annual Report by the extended deadline. This development is significant for maintaining its public market presence and ensuring continued access to capital markets.
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