NASDAQ Listing Update

• Mobilicom’s planned NASDAQ listing is at an advanced stage, with requisite US approvals received, and is attracting significant investor interest
• Mobilicom is holding a shareholders’ meeting to provide the Company with additional flexibility (if required) to complete the IPO process
• Mobilicom’s NASDAQ dual listing is anticipated, as planned, to occur during Q3 FY22
20 July 2022 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) provides the following update in relation to its proposed NASDAQ listing.
Mobilicom’s planned NASDAQ dual listing is at an advanced stage. The NASDAQ dual listing plays a key role in Mobilicom’s longer-term growth strategy. It is intended that the NASDAQ listing will enhance the Company’s access to, and credibility with, prospective US customers, increase access to strategic
partnerships and M&A opportunities, improve liquidity and ultimately seek to underpin a higher market valuation in line with Mobilicom’s US-listed peers and reflect the Company’s business and growth outlook.
Funds raised will be used to expand operations in the US, increase sales and marketing activities, and accelerate the commercialisation of Mobilicom’s world-first cybersecurity and cloud software solutions, for small drone and robotics market segment.
The F1 Offer Documents have been lodged with the United States Securities and Exchange Commission (SEC), approved by the Financial Industry Regulation Authority (FIRNA) and Public Company Accounting Oversight Board (PCAOB), and the ticker has been confirmed.
Mobilicom’s management team has also undertaken an extensive investor roadshow in the US. With this roadshow attracting significant investor interest, Mobilicom is confident of completing the NASDAQ dual listing, as planned, during Q3 FY22. However, considering recent market volatility and following consultation with the underwriter, Think Equity LLC, Mobilicom will be seeking shareholder approval of resolutions that will provide the Company with flexibility, should it be needed, to successfully complete the IPO.
The Company proposes raising up to US$13.3 million under the IPO. Further details will be set out in a notice of meeting to be released shortly.
The Company has filed a revised registration statement on Form F-1 (Registration Statement) with the US SEC for the purposes of the IPO. That Registration Statement is available at: https://www.sec.gov/Archives/edgar/data/0001898643/000121390022039814/ea162891-
f1a5_mobilicom.htm
Further details are provided in the F-1 with the SEC and the Notice of Meeting (NoM) lodged on ASX.
Disclaimer
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended