Company: COOT
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001641172-25-004895
Chunk: 142

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-04-15
Form: S-1
Chunk 142
---
| ● | The                                                                                            
 equity structure (the number and type of equity instruments issued) will reflect the equity    
 structure of Australian Oilseeds Investments Pty Ltd., including the equity instruments issued 
 to affect the acquisition.                                                                     |

| ● | Accumulated                                                                                
 losses and other equity balances carried forward at acquisition date will be of Australian 
 Oilseeds Investments Pty Ltd.                                                              |

The business combination agreement was an extraordinary
transaction that was signed in 2022 as part of the SPAC and listing procedures that closed in FY 2024, there were
no similar transactions or impact of this transaction incurred in the financial period ended as of 30 June 2024.

2 Restatement of Previously Issued Financial Statements

During the preparation of the consolidated financial statements for the year ending June 30, 2023, the Company’s management identified the following material misstatements in the Company’s financial statements:

| ● 
 ● 
 ● | The                                                                                                                                        
 Company did not properly recognize the machinery spare parts acquired from the related party Good Earth Oils Pty Ltd. As a result,         
 the plant and equipment were understated, and the related party transactions were not properly disclosed. To correct this item, the        
 fixed assets and related party payables were recorded, and the relevant depreciation expense was recognized.                               
 The                                                                                                                                        
 Company did not properly record prepayment of stock which resulted in an overstatement in equity and related party loan payables.          
 To correct this error, both of accounts were reduced accordingly.                                                                          
 The                                                                                                                                        
 Company did not properly record revenue during the cut-off period at the financial year end. As a result, the revenue relating to          
 the prior year was recorded in the current year. To correct this cut-off issue, the revenue was reduced and retained earnings of           
 prior years were increased.                                                                                                                |
|:--|:-------------------------------------------------------------------------------------------------------------------------------------------|
| ● | The                                                                                                                                        
 Company did not recognize sufficient bad debt provision of the account receivables relating to ROBE tolling revenue. Based on the          
 deed of debt settlement with ROBE, account receivables were overstated since no bad debt provision was made. To correct this issue,        
 the account receivables were written off accordingly.                                                                                      |
| ● | The                                                                                                                                        
 Company did not properly record the stock balance of Meal resulting in the Company mistakenly accounting for the ROBE consignment          
 stock as its own stock.  As a result, the Cost of Goods Sold was understated. To correct the issue, the Cost of Goods Sold                 
 was