Australia's Carbon Revolution rises on deal with Orion Infrastructure
22/09/2023 04:42
** Shares of Carbon Revolution CBR.AX rise as much as 8.7%
to A$0.125
** The carbon fibre wheel maker said it entered into
structured equity facility for up to $110 mln with U.S.-based,
Orion Infrastructure Capital
** Deal to provide new funding for co
** About 603,683 shares change hands, 3x the 30-day average
volume of 199,378 shares
** Stock down 32.4% YTD, as of last close
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com))
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