Carbon Revolution shares surge 13.21% intraday after Nasdaq grants extension to January 2026.

Carbon Revolution surged 13.21% intraday after receiving a Nasdaq extension to remain listed until January 30, 2026, while pursuing a strategic transaction to regain compliance. The extension, granted following an appeal of delisting threats over missed filings and equity requirements, provided immediate relief to investors. The company outlined plans to complete a transaction by May 2026, though liquidity challenges—$3.8 million in unrestricted cash and weak EV sector demand—remain critical risks. The news offered short-term optimism despite underlying financial distress, as the extended timeline and strategic efforts suggested a path to avoid delisting, aligning with the stock’s sharp intraday rebound.