Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 33

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 33
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 we may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies that are not emerging growth companies. For example, we have elected to rely on an exemption from the auditor
attestation requirements of Section 404 of the Sarbanes-Oxley Act relating to internal control over financial reporting, and we will not
provide such an attestation from our auditors for so long as we qualify as an emerging growth company.

We may avail ourselves of
these disclosure exemptions until we are no longer an emerging growth company. We cannot predict whether investors will find our ADSs
less attractive because of our reliance on some or all of these exemptions. If investors find our ADSs less attractive, it may cause the
trading price of the ADSs to decline and there may be a less active trading market for our ADSs.

We will cease to be an emerging
growth company upon the earliest of:

  the end of the fiscal year in which the fifth anniversary of completion of our initial public offering occurs;  

  the end of the first fiscal year in which the market value of our ordinary shares held by non-affiliates exceeds $700 million as of the end of the second quarter of such fiscal year;  

  the end of the first fiscal year in which we have total annual gross revenues of at least $1.235 billion; and  

  the date on which we have issued more than $1.0 billion in non-convertible debt securities in any rolling three-year period.  

If we fail to establish and maintain proper
internal financial reporting controls, our ability to produce accurate consolidated financial statements or comply with applicable regulations
could be impaired.

As
an emerging growth company under the JOBS Act, our management is required to report upon the effectiveness of our internal control over
financial reporting under Section 404 of the Sarbanes-Oxley Act. Our independent registered public accounting firm is not required to
formally attest to the effectiveness of our internal control over financial reporting until the date we are no longer an emerging growth
company and reach accelerated filer status. Any failure to implement required new or improved controls, or difficulties encountered in
their implementation, could cause us to fail to meet our reporting obligations. In addition, any testing by us conducted in connection
with Section 404 of the Sarbanes-Oxley Act may reveal deficiencies in our internal controls over financial reporting that are deemed to
be material weaknesses or that may require prospective or retroactive changes to our financial statements or identify other