30 August 2022 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB), a provider of cybersecurity
and smart solutions for drones, robotics, and autonomous platforms is pleased to provide the following
As a result of the high demand, the underwriter’s exercised its option to purchase additional units, and as
such, the total deal value of the fully underwritten NASDAQ initial public offering has been finalised at
US$13.3 million (A$19.2 million).
Under the revised deal size, Mobilicom will issue 3,220,338 units, each consisting of one American
Depositary Share (ADS) and one warrant to purchase one ADS, at a price of US$4.13 per unit (with the
price attributable to the warrants being US$0.13). Each ADS will represent 275 ordinary shares in the
Company. Accordingly, the Company will issue a total of 885,592,950 ordinary fully paid shares to the
depository agent which will underlie the ADS’.
Mobilicom will also issue warrants to the underwriters of the offer, as approved by shareholders at the
general meeting on 22 August 2022.
Funds raised will be used to expand Mobilicom’s sales and marketing activities, support research and
development, and working capital