Australian Oilseeds Sets Nov 10 Vote on 80-for-1 Reverse Split and 993M Share Authorisation Increase
COOT is trading near its 52-week low of $0.3 (13% above the low).
Summary
Australian Oilseeds will ask shareholders on November 10, 2026 to approve an 80-for-1 reverse split, a par-value reduction and an increase in authorised class A shares to 999,312,500 — a structure that clears the way for a much larger future share count.
Key Events · Corporate Governance and Compliance · COOT
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80-for-1 Reverse Split Proposed
Every 80 class A, class B and preference shares of US$0.0001 par would consolidate into one share of US$0.008, effective at 12:01 a.m. ET on a date Nasdaq confirms or does not object to.
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Authorised Class A Shares Raised to 999.3M
Proposal Three would lift authorised class A shares from 6,250,000 to 999,312,500 by creating 993,062,500 new shares of US$0.000001 par, after a par-value cut from US$0.008 to US$0.000001.
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Par Value Cut Frees Distributable Reserve
Cancelling US$0.007999 of paid-up capital per issued share moves the credit to a distributable reserve the board may use, including to eliminate accumulated losses.
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Vote Set for November 10, 2026
Virtual EGM at 9:00 p.m. Hong Kong time (8:00 a.m. ET); record date October 21, 2026. Proposals Two and Four need a two-thirds special resolution; the rest need a simple majority.
Analysis · COOT · Manufacturing
Shareholders are being asked to approve an 80-for-1 reverse split, a par-value reduction to US$0.000001, and an increase in authorised class A shares to 999,312,500 — roughly 160x the current 6,250,000 authorisation. Economically, the split changes nothing, but it is the standard precursor to a Nasdaq minimum-bid cure, and the enlarged authorisation gives the board room to issue a very large number of new shares after the split. That combination matters most right after a US$4.0 million placement priced at US$0.2193 on October 15, 2026, which already diluted holders heavily. Approval is not issuance: no shares have been sold under the new authorisation, and the split only takes effect on a date Nasdaq confirms. The vote is November 10, 2026, with a record date of October 21, 2026.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, COOT was trading at $0.34 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $22.8M. The 52-week trading range was $0.30 to $1.95. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.