Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 18

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 18
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    479,000

    Representative
    warrants

    450,000

    Arena
    Ordinary share warrants

    458,720

    Total
    warrants

    10,387,720

Public,
Private, and Representative Warrants

As
part of EDOC’s IPO, EDOC issued warrants to third-party investors where each whole warrant entitles the holder to purchase one
share of the Company’s ordinary shares at an exercise price of USD$11.50 per share (the “Public Warrants”). Simultaneously
with the closing of the IPO, EDOC completed the private sale of warrants where each warrant allows the holder to purchase one share of
the Company’s ordinary shares at USD$11.50 per share. Additionally, the Company issued to the underwriters a warrant (“Representative’s
Warrant) to purchase up to 450,000 Class A ordinary shares stock at an exercise price of USD$11.50 per share.

     18 

These
warrants expire on the fifth anniversary of the Business Combination or earlier upon redemption or liquidation and are exercisable commencing
30 days after the Business Combination, provided that the Company has an effective registration statement under the Securities Act covering
the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to them is available (or the Company
permits holders to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement) and registered,
qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder.

The
Company may call the warrants for redemption (excluding the private warrants, and any outstanding Representative’s Warrants, and
any warrants underlying units issued to the Sponsor, initial shareholders, officers, directors or their affiliates in payment of Working
Capital Loans made to the Company), in whole and not in part, at a price of USD$0.01 per warrant:

    ●
    at
    any time while the warrants are exercisable,

    ●
    upon
    not less than 30 days’ prior written notice of redemption to each warrant holder,

    ●
    if,
    and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for stock
    splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30-trading day period ending on