NEWS
Carbon Revolution Secures Further Release of $5 Million from OIC
Carbon Revolution (CREV) has received the final US$5 million release from OIC's escrowed US$35 million facility. The company issued OIC a warrant to purchase 2.5% of outstanding shares in connection with this release. The funds will support operations and capacity investments. While the original Securities Purchase Agreement with OIC provides for up to US$40 million in additional funding for manufacturing facilities, this is currently uncommitted. The company is in discussions with OIC regarding potential additional funding for liquidity and capacity expansion, subject to performance milestones and agreement from note holders under the New Debt Program.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
2876Followers
108Following
30KVisitors
Follow
Trytosaveabit : Hehehe! Already moving up way more than it did when the last OIC 5 million was given back in 9/6/24! Hehehe