Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 142

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 142
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 value hierarchy gives the highest
priority to quoted prices in active markets for identical assets or liabilities. This has resulted in a change of valuation (moving from
Level 2 fair value measurement type to Level 1) that was applied on December 31, 2022, as a change in accounting estimates.

The following assumptions were based on observable market conditions
that existed on December 31, 2024 and 2023:

                                    At December 31, 2024                                         At December 31, 2023                        
  Assumption Value methodology      Level 1                              Level 1                 Level 1                                     
  Historical volatility                                       -                       -                                    -          -      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Exercise price                    $                         5.0        $            5.16       $                         5.0        5.16   
  Share price                       $                         0.800      $            0.800      $                         0.367      0.367  
  Risk-free interest rate                                     -                       -                                    -          -      
  Dividend yield                                              -                       -                                    -          -      
  Fair value per warrant            $                         0.800      $            0.800      $                         0.367      0.367  

For the years ended December 31, 2024 and 2023, the Company
recorded fair value losses, net of $1,269,276and $330,209, respectively. Fair value gains (losses), net, recorded under the statement
of comprehensive loss as a result of the change in the fair value of August 2022 Warrants.

F-32

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               

Note 21. Equity - issued capital (continued)

  (b)      On 30 January 2024, the Company completed a registered direct offering via the issuance of 486,871 ADSs at an offering price of $ 1.55 per ADS and 1,416,354 pre-funded warrants at an offering p...  

During April 2024 and December 2024,520,078pre-funded
warrants were exercised into520,078ADS for a total of $52, and896,276pre-funded warrants were exercised into895,842ADS on a cashless
basis.

In addition, on 30 January 202