Carbon Revolution, a prominent manufacturer of carbon fiber wheels, has secured a new financing agreement totaling $25 million with OIC and existing lenders. The financing will be distributed in five tranches of $5 million each. This announcement comes as the company experiences a pre-market surge of 54% in its stock price, reflecting positive investor sentiment. Additionally, Carmell has announced a PIPE investment of $1.85 million from both new and existing investors to support its commercial expansion, which includes the issuance of 8.07 million shares and five-year warrants priced at $0.23 each.