Major Shareholder Cashes Out on Carbon Revolution Stock!
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Major shareholder Niraj Kumar Vovra sold 111,654 shares of Carbon Revolution, worth $217,725. Carbon Revolution secured $7 million funding from Orion Infrastructure Capital but faces challenges due to canceled EV wheel programs, impacting revenue forecasts and expansion plans. The company is not compliant with Nasdaq listing requirements and seeks further financial support. Spark rates CREV stock as Neutral, highlighting financial risks and operational inefficiencies. YTD price performance is -78.28%, with a market cap of $2.96M.
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