Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 141

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 141
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Incremental costs directly attributable to the
issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Warrants

The Company accounts for warrants issued to investors
in conjunction with IFRS 9 “ Financial Instruments” accounting standards issued by IASB.

  (a)      On August 24, 2022, the Company completed its U. S. listing                                                                              
           on the Nasdaq via the issuance of 3,220,338 American Depository Shares (“ ADSs”) and the accompanying 3,220,338 tradable pre-funded      
           warrants for a total consideration of $ 13,299,996. Each ADS represents 275 ordinary shares, no par value, of the Company. One tradable  
           pre-funded warrant gives the holder the right to purchase one ADS. Each tradable pre-funded warrant exercised to one ADS at an exercise  
           price of $5.00, has 5-year term, and can be exercised any time before expiry date August 24, 2027.                                       
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In addition, on August 24, 2022,
in connection with the U. S listing, the Company granted a total161,017representative warrants each exercised to one ADS at an exercise
price of $5.16. The representative warrants have 5-year term, and they can be exercised any time before their expiry date August 24,
2027. The representative warrants may be exercised on a cashless basis if there is no effective registration statement registering the
ADSs underlying the warrants.

The tradable pre-funded warrant
and representative warrant are referred herein together as “ August 2022 Warrants”. The August 2022 Warrants represent financial
liabilities at fair value through profit or loss.

On June 30, 2023, the Company
reassessed the valuation methodology applied to the valuation of the August 2022 Warrants, in conjunction with an independent valuation
from a third party. The August 2022 Warrants are trading on Nasdaq and based on current market activity, it was deemed to be in an active
market. The directors believe the quoted share price of the MOBBW security trading on the Nasdaq represents a more accurate valuation
of the August 2022 Warrants based on the guidance of IFRS 13 Fair Value Measurementwhere the fair