Carbon Revolution Provides Update on Strategic Transaction and Funding Efforts Carbon Revolution (OTC:CREVF) is in advanced discussions to complete a strategic transaction or secure additional funding. The company said certain secured lenders may convert debt into equity of Carbon Revolution or its subsidiary, potentially becoming all or a substantial majority of outstanding equity.Such a conversion is expected to materially and substantially impair the value of existing ordinary shares. Execution depends on intercreditor negotiations, timing and satisfaction of conditions. The company expects to announce transaction terms and an implementation timetable within the next several weeks.

#CREV #CREVF Carbon Revolution Provides Update on Strategic Transaction and Funding Efforts

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