Geelong, Australia, May 19, 2026 (AEST) – Carbon Revolution Pty Ltd and Carbon Revolution Operations Pty Ltd (together, “Carbon Revolution”) – a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels – today announced the now-private company’s successful emergence from Voluntary Administration.
Following overwhelming creditor support for the Deed of Company Arrangement (“DOCA”) proposed by affiliated funds of OIC L.P (“OIC”) and the endorsement of such DOCA by the company’s Administrators, McGrathNicol, Carbon Revolution now has no senior secured indebtedness and is now beneficially owned by OIC.
The recapitalization significantly improves the company’s financial position and establishes a more streamlined operating and capital structure. With the support of OIC and its employees, customers, suppliers, and creditors, Carbon Revolution is now better positioned to execute on its strategic priorities, improve operational performance, and pursue long-term growth opportunities across its commercial and strategic initiatives.
“Achieving this milestone marks the beginning of an important new chapter for Carbon Revolution,” Donald Hampton Jr., CEO, said. “I want to sincerely thank all of our stakeholders whose support and confidence in our products and our team helped make this outcome possible. Our employees, customers, suppliers, and creditors all played an important role and our commitment to strengthen these relationships is a core element in our go-forward plan.”
Hampton added, “Emerging from Voluntary Administration with a significantly deleveraged balance sheet gives Carbon Revolution greater flexibility to focus on execution and the next phase of our strategy. While important work remains ahead of us, we believe the company is now operating from a far stronger foundation. Our focus is on disciplined operational improvement, successful commercialization of new products, strategic partnerships, and expanding our manufacturing footprint in a way that better supports our customers globally. At the same time, we remain committed to our Australian operations, where we will continue to pursue growth opportunities.”
Chris Leary, Investment Partner and Head of Infra Equity, said, “OIC is proud of the resilience and commitment demonstrated by the Carbon Revolution team. As passenger and commercial vehicle manufacturers increasingly prioritize efficiency, durability, performance, aesthetics, sustainability, and lightweighting across a broader range of platforms, Carbon Revolution’s technology and engineering capabilities position the company to play an important role in the future of advanced lightweight wheel solutions.”
As previously disclosed, at completion of the recapitalization, the previous ultimate holding company of Carbon Revolution, Carbon Revolution plc (a publicly traded company whose ordinary shares are traded in the OTC Expert Market) ceased to have a continuing equity interest in Carbon Revolution. It is expected that a process will shortly commence for the orderly wind down and liquidation of Carbon Revolution plc, in accordance with Irish law.
About Carbon Revolution
Carbon Revolution designs and manufactures lightweight carbon fiber wheels for cars and SUVs in the high performance, premium, and luxury segments for the world’s most prestigious automotive brands. Building on its leadership position in automotive carbon fiber wheels, Carbon Revolution continues to strengthen its strategic customer relationships, develop its product portfolio, and explore opportunities to expand into adjacent markets.
For more information, visit carbonrev.com
Forward Looking Statements
All statements other than statements of historical facts contained in this communication are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company’s plans for a strategic or financing transaction and the impact thereof. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Carbon Revolution’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from such assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Carbon Revolution.
These forward-looking statements are subject to a number of risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) risks related to the rollout of Carbon Revolution’s business strategy and the timing of expected business milestones; (iii) the effects of competition on Carbon Revolution’s future business and the ability of the combined company to grow and manage growth, establish and maintain relationships with customers and retain its management and key employees; (iv) risks related to domestic and international political and macroeconomic uncertainty including tariffs and trade policy and the Russia-Ukraine and Middle Eastern conflicts; (v) the outcome of any legal proceedings that may be instituted against Carbon Revolution; (vi) the impact of pandemic and governmental responses on any of the foregoing risks; (vii) risks related to Carbon Revolution’s industry; and (viii) changes in laws and regulations.
If any of these risks materialize or Carbon Revolution’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Carbon Revolution does not presently know or that Carbon Revolution currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Carbon Revolution’s expectations, plans or forecasts of future events and views as of the date of this communication. Carbon Revolution anticipates that subsequent events and developments will cause Carbon Revolution’s assessments to change. However, while Carbon Revolution may elect to update these forward-looking statements at some point in the future, Carbon Revolution specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Carbon Revolution’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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