Carbon Revolution Secures New $25 Million Financing Agreement with OIC and Existing Lenders
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Carbon Revolution plc has secured a $25 million financing agreement with Orion Infrastructure Capital and existing lenders. The funds will be released in five $5 million tranches, with penny warrants issued to OIC and existing noteholders.
December 23, 2024 | 10:45 pm
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Carbon Revolution has secured a $25 million financing agreement with OIC, to be released in five tranches. This agreement includes issuing penny warrants to OIC and existing noteholders.
The $25 million financing agreement provides Carbon Revolution with additional capital, which can be used for growth and operational needs. The issuance of penny warrants may dilute existing shares but indicates confidence from lenders. Overall, this is a positive development for the company's financial stability and growth prospects.
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