GEELONG, Australia, Nov. 22, 2024 (GLOBE NEWSWIRE) -- 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 of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the “Annual Report”). The Letter has no immediate effect on the listing or trading of the Company’s ordinary shares or warrants on Nasdaq. The Letter stated that, under Nasdaq rules, the Company has until 60 calendar days after receipt of the Letter, which is January 21, 2025, to submit a plan to regain compliance, and that if a plan is submitted and accepted, Nasdaq could grant the Company an exception of up to 180 calendar days from the filing’s due date, or until May 14, 2025, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The Company continues to work diligently to file its Annual Report as promptly as practical to regain compliance with Nasdaq Listing Rule 5250(c)(1). About Carbon Revolution plc Carbon Revolution plc (Nasdaq: CREV) (the “Company” or “Carbon Revolution”) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world’s most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world. 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 expectation of continued listing of Carbon Revolution’s ordinary shares and warrants on Nasdaq, the Company’s ability to file its Annual Report and promptly regain compliance with Nasdaq Listing Rule 5250(c)(1), the future financial performance, business strategies, financings and expectations for the Company’s business. 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) the ability to maintain the listing of Carbon Revolution’s securities on Nasdaq or any other exchange on which such securities may be listed in the future; (ii) the failure to realize the benefits of being listed on a U.S. securities exchange and publicly-traded in the United States; (iii) Carbon Revolution's liquidity, including its ability to pay its obligations and to issue equity, refinance its indebtedness or otherwise obtain financing at all or on acceptable terms, (iv) risks related to its ability to meet financial covenants and other key covenants under existing financing arrangements or to obtain waivers or forbearance from compliance with such covenants, which could result in the acceleration of outstanding indebtedness, (v) changes in domestic and foreign business, market, financial, political and legal conditions; (vi) risks related to the rollout of Carbon Revolution’s business strategy and the timing of expected business milestones; (vii) 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; (viii) risks related to domestic and international political and macroeconomic uncertainty, including the Russia-Ukraine and conflicts in the Middle East; (ix) the outcome of any legal proceedings that may be instituted against Carbon Revolution; (x) the impact of pandemic and governmental responses on any of the foregoing risks; (xi) risks related to Carbon Revolution’s industry; (xii) changes in laws and regulations; and (xiii) those factors discussed in the documents Carbon Revolution filed with the SEC, including the Shell Company Report on Form 20-F. 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. For further information, please contact: Investors Investors@carbonrev.com Media Media@carbonrev.com
South Korea lifts president's martial law decree after lawmakers vote against it SEOUL, South Korea (AP) — South Korean President Yoon Suk Yeol’s government has lifted the martial law he imposed during a tense night of political drama in which troops surrounded parliament and lawmakers voted to reject military rule. Yoon said early Wednesday that his government withdrew military personnel following a bipartisan parliamentary vote rejecting martial law, and the measure was formally lifted during a Cabinet meeting around 4:30 a.m. Yoon declared martial law late Tuesday, vowing to eliminate “anti-state” forces as he struggles against an opposition that controls the country’s parliament and that he accuses of sympathizing with communist North Korea. Less than three hours later, parliament voted to lift the declaration. Trump's FBI pick has plans to reshape the bureau. This is what Kash Patel has said he wants to do WASHINGTON (AP) — Kash Patel has been well-known for years within Donald Trump’s orbit as a loyal supporter who shares the president-elect’s skepticism of the FBI and intelligence community. But he’s receiving fresh attention, from the public and from Congress, now that Trump has selected him to lead the FBI. As he braces for a bruising and likely protracted Senate confirmation fight, Patel can expect scrutiny not only over his professed fealty to Trump but also for his belief — revealed over the last year in interviews and his own book — that the century-old FBI should be radically overhauled. President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction NEW YORK (AP) — President-elect Donald Trump’s lawyers have formally asked a judge to throw out his hush money criminal conviction. Trump’s lawyers told Manhattan Judge Juan M. Merchan in court papers Monday that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. They argue continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ Prosecutors have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump’s second term ends in 2029. Hamas and Fatah are near an agreement on who will oversee postwar Gaza CAIRO (AP) — Palestinian officials say Fatah and Hamas are closing in on an agreement to appoint a committee of politically independent technocrats to administer the Gaza Strip after the war. It would effectively end Hamas’ rule and could help advance ceasefire talks with Israel. The rival factions have made several failed attempts to reconcile since Hamas seized power in Gaza in 2007. Israel has meanwhile ruled out any postwar role in Gaza for either Hamas or the Western-backed Palestinian Authority, which is dominated by Fatah. Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing KABUL, Afghanistan (AP) — Peace is driving up property prices in Kabul and fueling the luxury market. Afghans who spent years overseas are returning home, keen to take advantage of the country’s improved security after decades of war. They include those escaping deportation campaigns in Iran and Pakistan and are taking their cash with them. Kabul is less violent since the Taliban transitioned from insurgency to authority and foreign forces withdrew. The Taliban, sticklers for bureaucracy, have pledged to stamp out corruption and regulate legal and commercial matters. That means no more dealing with warlords or bribing local officials for land purchases or construction projects. Native American students miss school at higher rates. It only got worse during the pandemic SAN CARLOS, Ariz. (AP) — Years after COVID-19 disrupted American schools, nearly every state is still struggling with attendance. But attendance has been worse for Native American and Alaska Native students — a disparity that existed before the pandemic and has since grown, according to data collected by The Associated Press. Out of 34 states with data available for the 2022-2023 school year, half had absenteeism rates for Native students that were at least 9 percentage points higher than the state average. Many schools serving Native students have been working to build stronger connections with families. They must navigate distrust dating back to the U.S. government’s campaign to force Native kids into abusive boarding schools. Democrats stick with Schumer as leader. Their strategy for countering Trump is far less certain WASHINGTON (AP) — Senate Democrats reelected Chuck Schumer as party leader on Tuesday as the party moves into a deeply uncertain time, with no real consensus on a strategy as President-elect Donald Trump prepares to take office. Schumer faced no opposition in the party leadership elections, in which Illinois Sen. Dick Durbin was also re-elected to the No. 2 spot and Minnesota Sen. Amy Klobuchar became the new No. 3. Schumer said he was honored to move the party forward “during this crucial period for our country.” But it is a bleak moment for Senate Democrats, who lost four seats and the majority in November's election. The year in review: Influential people who died in 2024 O.J. Simpson’s “trial of the century” over the 1994 killings of his ex-wife and her friend bared divisions over race and law enforcement and brought an intersection of sports, crime, entertainment and class that was hard to turn away from. His death in April brought an end to a life that had become defined by scrutiny over the killings. But he was just one of many influential and noteworthy people who died in 2024. Alexei Navalny, who died in prison in February, was a fierce political foe of Russian President Vladimir Putin. And the music industry lost a titan in producer Quincy Jones, who died in November. 2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animals NEW YORK (AP) — Did you have a “Brat summer” this year? Were you “demure,” and were you “mindful”? Did you enter a celebrity look-alike contest? All these were pop culture trends that emerged in 2024. But most of all, it seemed the theme was escapism. Whether it was the yellow brick road in “Wicked” or the beckoning seas of Oceania in “Moana 2” or adorable fuzzy animals like Moo Deng or even unlikely Olympic heroes making us proud, audiences gravitated to fantasy and feel-good moments. Democrats' outgoing chair says Trump's win forces party to reassess how it reaches voters ATLANTA (AP) — The outgoing Democratic National Committee chairman is downplaying his party’s November loss to President-elect Donald Trump and arguing Democrats avoided even greater losses that parties in power have faced around the world. But Jaime Harrison acknowledged that Democrats must do a better job of selling the party’s priorities and accomplishments for the working class. He also called for more nationwide investments in party infrastructure and better use of non-legacy media, such as podcasts. Harrison will not be wading into the election contest for his successor but said he hopes whoever follows him keeps racially diverse states including his native South Carolina at the top of the party's presidential nominating calendar in 2028.Stay warm and dry all winter long with these cold-weather running tipsHealthEquity HQY announced its Q3 earnings on Monday, December 9, 2024 at 04:01 PM. Here's a breakdown of the earnings report. Earnings HealthEquity beat estimated earnings by 8.0%, reporting an EPS of $0.78 versus an estimate of $0.72. Revenue was up $51.21 million from the same period last year. Performance in Previous Earnings Last quarter the company beat on EPS by $0.16 which was followed by a 5.0% increase in the share price the next day. Here's a look at HealthEquity's past performance: Quarter Q2 2025 Q1 2025 Q4 2024 Q3 2024 EPS Estimate 0.70 0.66 0.56 0.5 EPS Actual 0.86 0.80 0.63 0.6 Revenue Estimate 284.87M 278.11M 258.55M 243.61M Revenue Actual 299.93M 287.60M 262.39M 249.22M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance HealthEquity management provided guidance for FY 2025, expecting earnings between $3.08 and $3.16 per share. To track all earnings releases for HealthEquity visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Work and pensions minister Sir Stephen Timms said the move aims to drive “real improvements” for disabled people, whom the ministers will be encouraged to engage with on a regular basis. He told the Commons: “I am very pleased to be able to announce today the appointment of new lead ministers for disability in each Government department, they will represent the interests of disabled people, champion disability inclusion and accessibility within their departments. “I’m going to chair regular meetings with them and will encourage them to engage directly with disabled people and their representative organisations, as they take forward their departmental priorities. “And I look forward to this new group of lead ministers for disability together driving real improvements across Government for disabled people.” This came during an adjournment debate on International Day of Persons with Disabilities, where Liberal Democrat MP Steve Darling raised concerns about “floating bus stops”, which have a cycle lane between the stop and the pavement. Intervening, the MP for Torbay, who is registered blind, said: “The Government needs to ban floating bus stops.” Sir Stephen said: “I do think this issue about floating bus stops is an important issue which we need to work across Government to reflect on.” Labour MP Debbie Abrahams, who led the debate, had earlier criticised the lack of accessibility for disabled people on trains. The Oldham East and Saddleworth MP said: “Our train network does not have level access, and we heard Dame Tanni Grey-Thompson from the other place make this plea back in the summer, absolutely outrageous what she was put through. “But I was absolutely shocked to find, when I had a presentation of the TransPennine route upgrade, that the rolling stock yet to be commissioned is not going to provide that level access. “It’s absolute nonsense, it’s not even in the design of that procurement, so we must do better than this.”