On July 31, 2026, UMB Bank filed a winding-up petition against Carbon Revolution in the High Court of Ireland due to insolvency. The court appointed Grant Thornton partners Nicholas O’Dwyer and Colm Dolan as provisional joint liquidators pending an October 19, 2026 hearing. This follows the emergence of its Australian subsidiaries from Voluntary Administration, leaving the parent company with minimal assets and no ability to pay debts. OIC, now the principal stockholder and creditor, is funding the Irish liquidation under a prior Restructuring Support Agreement. Carbon Revolution Public Limited Company operates in the automotive industry, manufacturing lightweight carbon fiber wheels.