OIC Funds Incremental Early Release of $5 Million to Carbon Revolution

April 11, 2024

https://www.globenewswire.com/news-release/2024/04/11/2861512/0/en/OIC-Funds-Incremental-Early-Release-of-5-Million-to-Carbon-Revolution.html

GEELONG, Australia, April 11, 2024 (GLOBE NEWSWIRE) — Carbon Revolution plc (Nasdaq:CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital (“OIC”) for an early release of US$5 million from the US$35 million in escrow under its previously announced Structured Equity Facility with OIC for up to US$110 million, on the terms and conditions summarised in the Company’s filing with the SEC, which can be accessed here.

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