Australian Oilseeds Holdings Announces A$5 Mln Debt-To-Equity Conversion

Australian Oilseeds Holdings Limited (the "Company") (NASDAQ:COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced a A$5 million debt-to-equity conversion (the "Conversion").

In connection with the conversion, JSKS Enterprises Pty Ltd., ("JSKS"), an entity controlled by Gary Seaton, Chief Executive Officer and a member of the Company's Board of Directors, converted approximately A$5 million of its outstanding loan into 4,452,479 shares of Company's ordinary shares, $0.0001 par value per share ("Ordinary Shares").

Pursuant to the Conversion, the principal amount of all loans made to the Company by JSKS, along with accrued interest through April 30, 2025, will be deemed repaid by the Company and all of its obligations with respect to the principal amount and accrued interest will be satisfied in full and cancelled. In exchange, the Company has issued to JSKS 4,452,479 Ordinary Shares.