Company: COOT
Filing Date: 2025-06-10
Form Type: S-1/A
Source: 0001641172-25-014422
Chunk: 188

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-10
Form: S-1/A
Chunk 188
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     |       | 10,551,836 |

30 Recapitalization Costs

The difference in the fair value of the shares issued by the Company, the accounting acquirer, and the fair value of the SPAC’s accounting acquiree’s identifiable net assets represent a service received by the accounting acquirer. This difference is considered as cost of listing (recapitalization) and recorded in the consolidated profit or loss and other comprehensive income.

The following table displays the calculation of the listing costs recognized for the year ended June 30, 2024:

Schedule of Recapitalization Costs

|                                                  |     | Number of       |           |     |                 |            |
|                                                  |     | shares/warrants |           |     | At Closing Date |            |
|                                                  |     |                 |           |     |                 |       AUD$ |
| Net deficit from SPAC transferred to the Company |     |                 |         - |     |                 |  7,048,439 |
| Class A Ordinary Shares                          |     |                 | 1,066,168 |     |                 |          - |
| Founder shareholders and other advisors          |     |                 | 2,666,900 |     |                 |          - |
| Total shares issued to SPAC                      |     |                 | 3,733,068 |     |                 |          - |
| Diluted share price at Closing Date              |     |                 |      4.32 |     |                 |          - |
| Total value transferred to the SPAC              |     |                 |         - |     |                 | 16,126,854 |
| Recapitalization costs                           |     |                 |         - |     |                 | 23,210,293 |

| F-29 |

31 Commitments and Contingencies

In the opinion of the Directors, the Company did not have any contingencies on 30 June 2024 (30 June 2023: nil).

Other Commitments

On March 21, 2024, the Company entered into a fee modification agreement (the “Agreement”) with I-Bankers Securities, Inc. (“IBS”) related to the fees owed to IBS at the closing of the Business Combination pursuant to the original retainer letter (the “Owed Amounts”), for which IBS provided financial representation to EDOC regarding the Business Combination. Pursuant to the Agreement, IBS agreed to accept a payment plan for the Owed Amounts as follows: