Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 32

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 32
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and we expect to follow certain home country corporate governance practices in lieu of certain Nasdaq requirements applicable to domestic
issuers. This may afford less protection to holders of ordinary shares and ADSs.

As a foreign private issuer with ADSs listed on Nasdaq, we are permitted
to follow certain home country corporate governance practices in lieu of certain Nasdaq requirements. We follow home country practice
with regard to the composition of the board of directors, quorum requirements applicable to shareholder meetings, shareholder approval
prior to the issuance of securities in connection with certain acquisitions, private placements of securities, or the establishment or
amendment of certain stock option, purchase or other compensation plans and the requirement that issuers must maintain charters for certain
board committees. As a foreign private issuer we must disclose in our annual reports filed with the SEC the requirements with which it
does not comply followed by a description of our applicable home country practice. The Australian home country practices described above
may afford less protection to holders of ordinary shares and ADSs than that provided under Nasdaq rules.

As a foreign private issuer, we are permitted
to file less information with the SEC than a company incorporated in the United States. Accordingly, there may be less publicly available
information concerning us than there is for companies incorporated in the United States.

As a foreign private issuer,
we are exempt from certain rules under the Exchange Act that impose disclosure requirements as well as procedural requirements for proxy
solicitations under Section 14 of the Exchange Act. In addition, our officers, directors and principal shareholders are exempt from the
reporting and “short-swing” profit recovery provisions of Section 16 of the Exchange Act. Moreover, we are not required to
file periodic reports and financial statements with the SEC as frequently or as promptly as a company that files as a U. S. company whose
securities are registered under the Exchange Act, nor are we required to comply with the SEC’s Regulation FD, which restricts the
selective disclosure of material non-public information. Accordingly, there may be less information publicly available concerning us than
there is for a company that files as a domestic issuer.

We are an emerging growth company as defined
in the JOBS Act and the reduced disclosure requirements applicable to emerging growth companies may make our ADSs less attractive to investors
and, as a result, adversely affect the price of our ADSs and result in a less active trading market for our ADSs.

We are an emerging growth
company as defined in the JOBS Act, and