Company: COOT
Filing Date: 2025-07-14
Form Type: DEF 14A
Source: 0001641172-25-019283
Chunk: 10

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-07-14
Form: DEF 14A
Chunk 10
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daq Stock
Market LLC (“Nasdaq”).

The Company is an exempted
company established under the laws of the Cayman Islands. Under its constitutional documents, the Company has authorized 555,000,000 shares
including 500,000,000 Class A ordinary shares, 50,000,000 Class B ordinary shares, and 5,000,000 preference shares, each of par value
$0.0001 per share. In addition, the Company has three classes of warrants (i.e., Public Warrants, Private Warrants and PIPE Warrants)
issued and outstanding. The Reverse Share Split will not affect the number of shares the Company is entitled to issue, nor will it affect
the relative voting power of the holders of the issued Ordinary Shares. The Reverse Share Split, if effected, would affect all of our
holders of Ordinary Shares uniformly.

The Board unanimously approved
to seek shareholder approval to vary the Ordinary Shares so that the Company acting by its Board shall have the power to undertake a Reverse
Share Split. If the proposal is approved by the shareholders, the Company will have the authority, acting by the Board in its sole discretion,
without further action by the shareholders, to effect the Reverse Share Split, subject to the condition as to the ratio of the Reverse
Share Split, which must be a whole number between 1 for 2 to 1 for 8. Subject to the conditions above, the Board’s decision as to
whether and when to effect the Reverse Share Split, if approved by the shareholders, will be based on a number of factors, including prevailing
market conditions, existing and expected trading prices for our Ordinary Shares, actual or forecasted results of operations, and the likely
effect of such results on the market price of our Ordinary Shares.

The Company’s Nasdaq Listing Deficiencies

As previously disclosed,
the Company is requesting a hearing to review the Nasdaq staff’s determination to delisting of the Company’s securities from
The Nasdaq Global Market because (i) the closing bid price of its listed securities has not been at least $1.00 per share as required
by Listing Rule 5550(a)(2) (the “Nasdaq Minimum Bid Price Rule”), and (ii) on June 4, 2025, the Company received a letter
from the Listing Qualifications staff of Nasdaq notifying the Company that it has not regained compliance with the minimum stockholders’
equity requirement for continued listing on the Nasdaq Global Market. Nasdaq