GEELONG, Australia, March 25, 2026 (GLOBE NEWSWIRE) — Carbon Revolution plc (OTC Expert Market: CREVF) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today issued the following statement.
The Company’s wholly owned Australian subsidiaries have decided to initiate a planned Voluntary Administration in Australia. Such Australian subsidiaries include Carbon Revolution Pty. Ltd. and Carbon Revolution Operations Pty Ltd (the “Australian Subsidiaries”).
The Company and its Australian Subsidiaries believe that today’s decision is the gateway to enabling the Australian Subsidiaries to become a nimble and financially secure global…