Carbon Revolution Stock To Be Suspended On Nasdaq, Effective Nov. 17 Due To Noncompliance With Listing Requirements

Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that the Company has received a notification letter (the "Letter") from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") indicating that the  Staff has decided to deny the Company's request for continued listing on Nasdaq, based upon the Company's non-compliance with Listing Rule 5550(b), Nasdaq's minimum shareholders' equity rule (the "Equity Rule") and the Staff's determination that the compliance plan that the Company submitted to Nasdaq did not provide a definitive plan evidencing the Company's ability to achieve near-term compliance with the continued listing requirements.

As a result of the Staff's decision, Nasdaq will suspend trading in the Company's securities effective at the open of business on November 17, 2025 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq, unless the Company requests an appeal of this determination by November 13, 2025.