Wed, Mar 12, 2:29 PM (46 days ago)
Australian Oilseeds Holdings Ltd. (COOT) filed an Amendment No. 2 to its Annual Report on Form 10-K/A for the fiscal year ended June 30, 2024. The amendment addresses a material weakness in internal control over financial reporting, which did not affect the consolidated financial statements. The company identified insufficient accounting resources and lack of a comprehensive financial reporting manual as key issues. Despite these weaknesses, management asserts that the financial statements are fairly stated. The company has initiated a remediation plan, including hiring experienced personnel and engaging third-party consultants. There were no other changes in internal control over financial reporting during the fiscal year. The amendment does not alter the previously filed financial statements or XBRL data. The company's market value of ordinary shares held by non-affiliates was $22,132,569.21 as of December 3, 2024, with 23,224,102 ordinary shares outstanding.