Company: COOT
Filing Date: 2025-06-10
Form Type: S-1/A
Source: 0001641172-25-014422
Chunk: 146

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-10
Form: S-1/A
Chunk 146
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 sole purpose is to acquire a target or targets with the capital raised from their IPO. Given that EDOC did not have any significant activities, EDOC’s own operations before the succession are insignificant relative to the operations of AOI. For example, EDOC’s financial statements do not report any significant revenues other than investment income on assets held in trust. Additionally, AOI’s total assets of approximately AUD$ 32million at closing, March 21, 2024, were significantly greater than EDOC’s total assets of approximately AUD$ 0.01million, excluding the Trust account. Lastly, AOI management’s team has continued as the management of the combined entities. As such, AOI was considered the predecessor entity for purposes of these financial statements.

The consolidated financial statements of the merged company will represent a continuation of the financial statements of Australian Oilseeds Investments Pty Ltd., the principles and guidance on the preparation and presentation of the consolidated financial statements will be applied as follows:

| ● | A                                                                                              
 share based payment transaction arises whereby Australian Oilseeds Investments Pty Ltd. is     
 deemed to have issued shares in exchange for the net assets of EDOC (together with the listing 
 status of Australian Oilseeds Investments Pty Ltd). The listing status does not qualify for    
 recognition as an intangible asset and the relevant costs will therefore be expensed as a      
 listing expense.                                                                               |

| ● | 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