Company: COOT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001641172-25-000118
Chunk: 20

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 20
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 she desires to do so and to respond to appropriate questions.

Prior Audit Firm

Following its formation on December 29, 2022,
the Company appointed BF Borgers CPA PC (“Borgers”) as the Company’s independent registered public accounting firm
for the fiscal years ended June 30, 2023 and June 30, 2022. On May 6, 2024, the SEC entered an order instituting settled administrative
and cease-and-desist proceedings against Borgers and its sole audit partner, Benjamin F. Borgers, permanently barring Mr. Borgers and
Borgers from appearing or practicing before the SEC as an accountant (the “Order”). As a result of the Order, Borgers was
no longer permitted to serve as the independent registered public accounting firm for the Company, nor was Borgers permitted to issue
any audit reports included in SEC filings or to provide consents with respect to audit reports. In light of the Order, on May 6, 2024,
the Audit Committee terminated the engagement of Borgers as the Company’s independent registered public accounting firm.

The reports of Borgers on the Company’s financial
statements for the fiscal years ended June 30, 2023 and June 30, 2022, did not contain an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting principles other than an explanatory paragraph relating
to the Company’s ability to continue as a going concern.

During the fiscal years ended June 30, 2023 and June
30, 2022, and through the date of dismissal on May 6, 2024, there were no “disagreements” with Borgers on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to the satisfaction
of Borgers would have caused Borgers to make reference thereto in its reports on the financial statements for such years. During the
fiscal years ended June 30, 2023 and June 30, 2022, and through May 6, 2024, there have been no “reportable events” (as defined
in Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Regulation S-K).

Fees Paid to Independent Registered Public Accounting Firm

Fees billed by BDO for services provided for fiscal yearend June 30, 2024
were as follows:

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