Carbon Revolution Receives Non-Compliance Notice from Nasdaq

Company's Listing Status: Carbon Revolution plc has been notified by Nasdaq that its request for continued listing has been denied due to non-compliance with the minimum shareholders’ equity rule and failure to file its Annual Report on Form 20-F.

Trading Suspension: Trading of Carbon Revolution's securities will be suspended effective November 17, 2025, unless the company appeals the decision by November 13, 2025, which would temporarily stay the suspension.

Compliance Plan: The company plans to appeal the Nasdaq decision and present a compliance plan to address its deficiencies, while also exploring strategic and financing options to improve liquidity and regain compliance.

Risks and Uncertainties: The company faces significant risks regarding its ability to maintain its listing, secure financing, and meet operational obligations, which could adversely affect its market position and shareholder value.