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Carbon Revolution plc provided an update on advanced discussions with secured lenders for a transaction involving debt-to-equity conversion, expected to constitute all or a substantial majority of outstanding equity securities and materially impair the value of existing ordinary shares. The company anticipates announcing terms and timetable within the next several weeks, subject to negotiations and conditions.
Key Takeaways
1Advanced discussions with secured lenders for debt conversion into equity securities of the Company and/or Carbon Revolution Pty Ltd
2Converted equity expected to constitute all or substantial majority of outstanding equity securities
3Transaction expected to materially and substantially impair value of outstanding ordinary shares
4Definitive documentation subject to intercreditor negotiations and conditions
5Announcement of terms and timetable expected within next several weeks
6Filed as Exhibit 99.1 on March 9, 2026