<SEC-DOCUMENT>0001140361-24-034773.txt : 20240730
<SEC-HEADER>0001140361-24-034773.hdr.sgml : 20240730
<ACCEPTANCE-DATETIME>20240730060043
ACCESSION NUMBER:		0001140361-24-034773
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240730
FILED AS OF DATE:		20240730
DATE AS OF CHANGE:		20240730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Carbon Revolution Public Ltd Co
		CENTRAL INDEX KEY:			0001960208
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L2

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41856
		FILM NUMBER:		241154267

	BUSINESS ADDRESS:	
		STREET 1:		TEN EARLSFORT TERRACE
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			D02 T380
		BUSINESS PHONE:		353-1-920-1000

	MAIL ADDRESS:	
		STREET 1:		TEN EARLSFORT TERRACE
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			D02 T380

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Carbon Revolution Ltd.
		DATE OF NAME CHANGE:	20221228
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20033275_6k.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div><font style="color: #000000;"> </font><br>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div><font style="color: #000000;"> </font><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">SECURITIES EXCHANGE ACT OF 1934</div>
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      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">For the month of July, 2024</div>
      <div><font style="color: #000000;"> </font><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number: 001-41856</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">Carbon Revolution Public Limited Company</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">10 Earlsfort Terrace</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Dublin 2, D02 T380, Ireland</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">(Address of principal executive office)</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">Indicate by check mark whether the registrant files or will file annual reports under cover of</div>
      <div style="text-align: center; color: #000000;">Form 20-F or Form 40-F:</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">Form 20-F</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">&#9746;</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">Form 40-F</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">&#9744;</div>
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      <div style="text-align: center; color: #000000; font-weight: bold;">INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">As previously disclosed, Carbon Revolution Public Limited Company (the &#8220;Company&#8221;) entered into agreements for a Structured Equity Facility (the &#8220;OIC Financing&#8221;) for up to US$110 million in funding,
        subject to satisfying various conditions precedent to each tranche of funding. The initial gross proceeds of US$35 million were received by the Company on November 3, 2023 pursuant to a Securities Purchase Agreement by and among the Company and the
        fund vehicles affiliated with Orion Infrastructure Capital (&#8220;OIC&#8221; and, collectively, the &#8220;OIC Investors&#8221;) party thereto, while an additional US$35 million was funded into an escrow account on such date and has been held in escrow, with the release
        of such funds subject to the satisfaction of certain conditions. On each of April 10, 2024, May 24, 2024 June 21, 2024 and July 10, 2024, US$5 million was released from the escrow account (each, an &#8220;Escrow Release&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">On May 23, 2023, Carbon Revolution Operations PTY LTD., an Australian private limited company and indirect wholly-owned subsidiary of the Company (&#8220;Carbon Revolution Operations&#8221;), entered into a Trust
        Indenture by and between Carbon Revolution Operations and UMB Bank, National Association, as trustee (the &#8220;Trustee&#8221;, and such Trust Indenture, as amended by the First Supplemental Indenture thereto, dated September 11, 2023, the Second Supplemental
        Indenture thereto, dated May 24, 2024, and the Third Supplemental Indenture, dated June 21, 2024, the &#8220;Indenture&#8221;). The Indenture and the Series 2023-A Notes issued thereunder were executed and issued pursuant to the New Debt Program arranged by
        PIUS Limited LLC and its affiliates.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">As previously disclosed, on May 24, 2024, the Securities Purchase Agreement relating to the OIC Financing was amended to permit the issuance of Series 2024-A Notes by Carbon Revolution Operations in
        lieu of Series A Preferred Shares or Series B Preferred Shares in consideration for each Escrow Release, which Series 2024-A Notes rank pari passu with the Series 2023-A Notes and have substantially the same terms, with limited exceptions, and are
        issued pursuant to the Indenture, and, on June 21, 2024, such Securities Purchase Agreement was further amended to set forth the conditions for up to four additional Escrow Releases of US$5 million each, constituting the remaining balance in the
        escrow account.</div>
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      <div style="text-align: justify; color: #000000;">
        <div style="color: #000000;">On July 29, 2024, pursuant to the OIC Financing, US$5 million was released from escrow and the Company issued an aggregate principal amount of additional Series 2024-A Notes to OIC in such amount. OIC waived certain
          conditions for the fifth Escrow Release to enable the release of funds prior to August 1, 2024 and without measurement of the Company&#8217;s performance with respect to the applicable monthly milestones for such release as of July 31, 2024. The
          Company also issued to the OIC Investors a warrant to purchase a number of shares equal to 2.5% of the Company&#8217;s shares outstanding, determined on a &#8220;Fully-Diluted Basis&#8221; in the same manner as applicable to the existing warrants previously issued
          to the OIC Investors.</div>
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      <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="color: #000000;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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            <td style="vertical-align: top; font-weight: bold;" colspan="2" rowspan="1">Carbon Revolution Public Limited Company</td>
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              <div style="color: rgb(0, 0, 0);">Date: July 30, 2024</div>
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              <div style="color: rgb(0, 0, 0);">By:</div>
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            <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0);">/s/ Jacob Dingle</div>
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              <div style="color: rgb(0, 0, 0);">Name:</div>
            </td>
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              <div style="color: rgb(0, 0, 0);">Jacob Dingle</div>
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              <div style="color: rgb(0, 0, 0);">Title:</div>
            </td>
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              <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
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