CREVW

This security represents warrants to purchase ordinary shares of Carbon Revolution Public Limited Company, an Australian manufacturer of carbon fiber wheels. Warrants are derivative securities that give holders the right, but not the obligation, to buy the underlying stock at a specified price (strike price) within a certain time period. These warrants trade independently from Carbon Revolution's common stock (CREV) and provide leveraged exposure to the company's share price movements. The value of these warrants depends on factors including the underlying stock price, time to expiration, and volatility.