Carbon Revolution Public Limited Company - Form 6-K Filing Update

Carbon Revolution Public Limited Company has received a notification from Nasdaq indicating the delisting of its securities due to non-compliance with minimum shareholders' equity rule and failure to file its Annual Report on Form 20-F. The company is appealing this decision and has presented a plan for regaining compliance, which primarily involves completing a strategic transaction by May 5, 2026. The Nasdaq Hearings Panel has granted the company until January 30, 2026, to provide an update on its strategic process. The company has experienced lower than expected demand for certain programs, particularly in the EV space, leading to customer program cancellations and a need for additional funding. As of December 22, 2025, the company had approximately US$3.8 million in unrestricted cash and US$2.4 million in restricted cash, projecting an insufficient cash runway without additional funding. The company acknowledges the uncertainty surrounding the completion of a strategic transaction and obtaining satisfactory funding.