Company: COOT
Filing Date: 2025-03-31
Form Type: 10-Q
Source: 0001641172-25-001552
Chunk: 2

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-31
Form: 10-Q
Item: Item 2
Chunk 2
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to the Business Combination Agreement, on the Closing Date, EDOC merged with and into Merger Sub, with EDOC continuing as the surviving
entity (the “Merger”), as a result of which, EDOC became a wholly-owned subsidiary of the Company, and each issued and outstanding
security of EDOC prior to the Closing Date was cancelled in exchange for the receipt of substantially identical securities of the Company.
Also on the Closing Date, the Company acquired all of the issued and outstanding ordinary shares of AOI (the “Purchased Shares”)
from the Sellers in exchange for the Company’s ordinary shares (“Company Ordinary Shares”) par value $0.0001 per share
(the “Share Exchange”). More specifically, pursuant to the Business Combination Agreement, at the effective time of the Business
Combination (the “Effective Time”):

    (i)
    Each
    holder of EDOC pre-transaction privately-held Class A ordinary shares and the Class B ordinary share (the “EDOC Ordinary Shares”)
    received Company Ordinary Shares, which are listed under the ticker “COOT” (less 200,000 Class A ordinary shares that
    were forfeited by EDOC back to the Company);

    (ii)
    Each
    holder of AOI ordinary shares received Company Ordinary Shares on a one-for-one basis (the “Exchange Shares”);

    (iii)
    Each
    holder of EDOC’s public Class A ordinary shares received Company Ordinary Shares on a one-for-one basis;

    (iv)
    EDOC’s
    warrants terminated and were exchanged for warrants of the Company (the “Warrants”), which Warrants are listed on the
    Nasdaq under “COOTW”;

    (v)
    Each
    holder of EDOC’s rights (the “Rights”) received 1/10 of a Company Ordinary Share for each such Right, as set forth
    herein;

    (vi)
    EDOC’s
    Rights were no longer be traded;

    (vii)
    EDOC’s
    479,000 placement units (“Placement Units”) were exchanged for Company Ordinary Shares and Warrants of the Company; and

    (viii)
    EDOC’
    $1,500,000 of convertible promissory notes that were convertible at Closing into Company Ordinary Shares (“Convertible Shares”)
    and warrants (“Convertible Warrants”).

In
connection with the closing of the Business Combination, EDOC and/or the Company entered into or amended, as