UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13A-16
OR 15D-16
OF THE SECURITIES EXCHANGE
ACT OF 1934
For the month of June
2024
MOBILICOM LIMITED
Commission File Number 001-41427
(Translation of registrant’s name into
English)
1 Rakefet Street
Shoham, Israel 6083705
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
Attached
hereto and incorporated herein is the Registrant’s press release issued on June 28, 2024, titled “Mobilicom Announces Receipt
of Nasdaq Minimum Bid Price Notification.”
This Report on Form 6-K is
incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-274929), filed with the
Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded
by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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MOBILICOM LIMITED |
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Date: June 28, 2024 |
By: |
/s/ Oren Elkayam |
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Name: |
Oren Elkayam |
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Title: |
Chairman |
3
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1898643/000121390024057201/ex99-1_001.jpg)
Mobilicom Announces Receipt of Nasdaq Minimum
Bid Price Notification
Shoham, Israel, June 28, 2024 (GLOBE NEWSWIRE)
-- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust
solutions for drones and robotics, today announced that it has received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”).
The letter notifies the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules
for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company’s American Depositary Shares (“ADSs”)
listed on the Nasdaq was below USD $1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to
maintain a minimum bid price of USD $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum
bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
The Notice has no immediate effect on the Company’s Nasdaq listing
or the trading of its ADSs, and during the grace period, as may be extended, the Company’s ADSs will continue to trade on the Nasdaq under
the symbol “MOB”.
In accordance with Listing Rule 5810(c)(3)(A), the Company has a period
of 180 calendar days from the date of notification, or until December 23, 2024, to regain compliance with the minimum bid price. If at
any time before December 23, 2024 the bid price of the Company’s ADSs closes at or above USD $1.00 per share for a minimum of 10 consecutive
business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement.
In the event the Company does not regain compliance by December 23,
2024, the Company may be eligible for an additional 180 days to regain compliance if it meets the continued listing requirement for market
value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum
bid price requirement. In this case, the Company will need to provide written notice of its intention to cure the deficiency during the
second compliance period.
The Company will continue to monitor the closing bid price of its ADSs
on the Nasdaq between now and December 23, 2024 and seek to cure the deficiency within the prescribed compliance period. The Company’s
business operations are not affected by the notification letter.
If the Company cannot demonstrate compliance by the allotted compliance
period(s), Nasdaq’s staff will notify the Company that its ADSs are subject to delisting.
![](https://www.sec.gov/Archives/edgar/data/1898643/000121390024057201/ex99-1_001.jpg)
About Mobilicom
Mobilicom is a leading provider of cybersecure
robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven
technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics.
Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s
end-to-end solutions are used in mission-critical functions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking
statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained
in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by
the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,”
“expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,”
“predict,” “project,” “target,” “aim,” “should,” “will” “would,”
or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking
statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions
that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove
to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and
Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes
no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
liad.gelfer@mobilicom.com
Mobilicom (PK) (USOTC:MILOF)
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