Mobilicom's Transition to Ordinary Shares on Nasdaq Targets Wider Investor Access and Reduced Costs
New Direct Listing Expected to Expand U.S. Institutional and Retail Participation
Mobilicom Limited (NASDAQ: MOB) announced a strategic shift that could change how U.S. investors participate in its stock. Starting December 8, 2025, Mobilicom’s American Depositary Shares (ADSs) will transition to a direct listing of the company's ordinary shares on the Nasdaq Capital Market. The move aims to make Mobilicom shares more accessible, enhance inclusion in key indices, and streamline shareholder experience—all without any required action from current ADS holders.
Broader Index Eligibility and Lower Costs Stand Out
Why make the switch? Mobilicom's CEO, Oren Elkayam, highlighted that direct listing not only facilitates broader access for U.S. retail and institutional investors, but also makes the company eligible for certain U.S. indices and ETFs that typically exclude ADRs. As ETFs and indices drive significant trading volumes, inclusion could expose MOB shares to a wider investment community.
Beyond access, the company cites several operational benefits: elimination of depositary fees and ADR administration, simplification of corporate actions, and more direct ownership for investors. In short, Mobilicom is seeking to modernize its capital market approach in step with leading global issuers.
What Changes for Shareholders? 1-for-275 Reverse Split and Direct Ownership
A key part of the transition is a 1-for-275 reverse share split to align the company’s ordinary shares for direct Nasdaq trading. When the ADR program is terminated after market close on December 5, 2025, ADS holders will automatically receive one ordinary share for each ADS they hold—no paperwork required.
| Key Event | Date/Detail |
|---|---|
| ADR Program Termination | After close, Dec. 5, 2025 |
| 1-for-275 Reverse Split | In conjunction with termination |
| Start of Ordinary Share Trading (Nasdaq: MOB) | Market open, Dec. 8, 2025 |
| Action Needed by ADS Holders | None—shares automatically converted |
Direct Listing Aligns With Global Issuer Best Practices
This direct share listing move brings Mobilicom in line with global issuers who have adopted similar strategies, strengthening transparency and U.S. investor connections. With more than 50 global customers, including some of the world’s largest drone manufacturers, Mobilicom’s decision signals confidence in its U.S.-centered growth strategy for cybersecurity and autonomous solutions in the defense and robotics sectors.
Takeaway: Easier Trading and Potential Index Boost
For investors, this transition could mean simpler access to MOB shares, lower holding costs, and increased potential for broader ownership through U.S. indices and ETFs. The reverse split and direct listing are largely administrative and do not require any action by shareholders.
While changes like these may seem technical, the result is straightforward: a cleaner, more accessible path for U.S. investment, with Mobilicom positioning itself for stronger visibility and engagement in American markets.
To learn more about the process or Mobilicom’s strategy, investors can visit Mobilicom’s investor relations site.
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