Carbon Revolution Secures Final Release of $5 Million from OIC and Final $0.4 Million Reserve Release from Existing Lenders
1. Carbon Revolution secured $27 million in funding from Orion Infrastructure Capital. 2. The company revised revenue forecasts downward due to decreased wheel orders. 3. Carbon Revolution may seek additional funding within the next quarter. 4. Warrants will be issued for shares to the noteholders as part of the deal. 5. Future financial performance remains uncertain, influenced by customer payment delays.