Carbon revolution secures final release of $5 million from oic and final $0.4 million reserve release from existing lenders

Geelong, australia, july 25, 2025 (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 orion infrastructure capital ("oic") has released us$5 million of the us$25 million facility announced on december 23, 2024. as a result of this release, the full us$25 million facility has now been released. concurrent with this us$5 million tranche, lenders under the us$60 million pius loan entered into in may 2023 (“existing noteholders”) have also released the final us$400,000 of existing loan reserves, taking reserves released to us$2 million. in connection with this funding tranche, the company will issue to oic and existing noteholders, penny warrants to purchase an aggregate number of shares equal to 5.0% of the company's shares outstanding.
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