DIA458.78-1.29 -0.28%
SPX6,606.76-8.52 -0.13%
IXIC22,333.96-14.79 -0.07%

Australian Oilseeds Granted Nasdaq Extension Until September 30 To Regain Compliance

Benzinga·08/28/2025 20:13:29
Listen to the news

Australian Oilseeds Holdings Limited (the "Company") (NASDAQ:COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced that it received a written decision from The Nasdaq Hearings Panel (the "Panel") on August 22, 2025, granting the Company an extension to regain compliance with continued listing requirements and demonstrate long-term compliance with the Equity Rule (which requires listed issuers to maintain minimum stockholders' equity of $2.5 million). Specifically, the Panel has agreed to provide the Company until September 30, 2025 to regain compliance with the Equity Rule and to allow the continued listing of the Company's ordinary shares and warrants on The Nasdaq Stock Market through such date, subject to the Company's compliance with the Equity Rule on or prior to such date.

"We believe the extension granted by the Nasdaq Hearings Panel will allow us to finish executing on our plan to maintain compliance with Nasdaq's minimum shareholders' equity requirement," said Gary Seaton, Chief Executive Officer.

The Company states that as of the hearing date on July 22, 2025, it had $2.6 million in shareholder equity. The Company plans to maintain this minimum equity value by converting additional debt and increasing revenues. As required by The Nasdaq Stock Market's rules, should the Company regain compliance, it will be subject to a one-year panel monitor.

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language

English

©2025 Webull Securities Limited. All rights reserved.