Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 75

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 2
Chunk 75
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 chief financial officer determined that, because of the
material weaknesses described in Item 9A “Controls and Procedures” of our Annual Report on Form 10-K/A for the fiscal year
ended June 30, 2024, filed with the SEC on December 6, 2024, and further referenced below, which we are still in the process of remediating
as of September 30, 2024, our disclosure controls and procedures were not effective. 

The
Company restated its consolidated balance sheet as of June 30, 2023 (the “2023 Restatement”). For a discussion of the individual
restatement adjustments and the impact of such adjustments on the Company’s previously issued financial statements, see “Item
1., Note 2. Restated Unaudited Interim Financial Information,” above.

Changes
in Internal Control Over Financial Reporting

This
annual report does not include a report of management’s assessment regarding internal control over financial reporting or an attestation
report of the company’s registered public accounting firm due to a transition period established by rules of the Securities and
Exchange Commission for newly public companies.

 41 

PART
II
OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS.

There
were no material developments during the quarter ended September 30, 2024 to the legal proceedings previously disclosed in Item 3 “Legal
Proceedings” of our Annual Report on Form 10-K/A filed on December 6, 2024.

ITEM
1A. RISK FACTORS.

For
information regarding additional risk factors, please refer to our Annual Report on Form 10-K/A for the year ended June 30, 2024 filed
with the SEC on December 6, 2024.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

We
have not sold any equity securities during the quarter ended September 30, 2024 that were not previously disclosed in a current report
on Form 8-K that was filed during the quarter.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4. MINE SAFETY DISCLOSURES.

Not
applicable.

ITEM
5. OTHER INFORMATION.

We
have no information to disclose that was required to be in a report on Form 8-K during the quarter ended September 30, 2024 but was not
reported. There have been no material changes to the