Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 17

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 17
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Failure to adhere to our financial reporting
obligations and other public company requirements could adversely affect the market price of our ADSs.

The reporting and other obligations
related to being a public company will place significant demands on our management, administrative, operational and accounting resources.
If we are unable to meet such demands in a timely and effective manner, our ability to comply with our financial reporting obligations
and other rules applicable to reporting issuers could be impaired. Moreover, any failure to maintain effective internal controls could
cause us to fail to satisfy our reporting obligations or result in material misstatements in our financial statements. If we cannot provide
reliable financial reports or prevent fraud, our reputation and operating results could be materially adversely affected which could also
cause investors to lose confidence in our reported financial information, which could result in a reduction in the trading price of our
ADSs.

In addition, we do not expect
that our disclosure controls and procedures and internal controls over financial reporting will prevent all errors or fraud. A control
system, no matter how well designed and implemented, can provide only reasonable, not absolute, assurance that the control system’s
objectives will be met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits
of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls
can provide absolute assurance that all control issues within an organization are detected. The inherent limitations include the realities
that judgments in decision-making can be faulty, and that breakdowns can occur because of simple errors or mistakes. Controls can also
be circumvented by individual acts of certain persons, by collusion of two or more people or by management override of the controls. Due
to the inherent limitations in a control system, misstatements due to errors or fraud may occur and may not be detected in a timely manner
or at all.

We may experience adverse effects on our
reported results of operations as a result of adopting new accounting standards or interpretations.

Our implementation of and
compliance with changes in accounting rules, including new accounting rules and interpretations, could adversely affect our reported financial
position or operating results or cause unanticipated fluctuations in our reported operating results in future periods.

If securities or industry analysts either
do not publish research about us or publish inaccurate or unfavorable research about us, our business or our market, or if they change
their recommendations regarding our securities, the trading price or trading volume of our securities could decline.

The trading