We are pleased to announce the successful completion of the business combination between Australian Oilseeds Holdings Limited and EDOC Acquisition Corp., a publicly traded special purpose acquisition company. This strategic transaction, approved by EDOC shareholders on March 5, 2024, marks a significant milestone in the evolution of Australian Oilseeds, positioning it as the largest cold pressing oil plant in Australia and the APAC region.
Under the terms of the merger, Australian Oilseeds Holdings Limited, operating as “Australian Oilseeds”, is now trading on Nasdaq under the ticker symbol “COOT”, effective March 22, 2024. The company’s warrants will also commence trading under the symbol “COOTW”. Gary Seaton, CEO of Australian Oilseeds, along with the existing management team, will continue to lead the company through its next phase of growth.
“We are thrilled to list Australian Oilseeds on the Nasdaq, particularly at this moment of burgeoning consumer demand for organic food ingredients globally,” commented Mr. Seaton. “With global demand for healthier, natural, and chemical-free food products, coupled with growing food shortages, we plan to capitalize on this increased global demand for sustainable premium cold-pressed and non-GMO products.”
Australian Oilseeds has demonstrated its commitment to sustainability and quality over the past two decades, becoming the largest cold pressing oil plant in the APAC region. The company’s expansion efforts include the construction of a multi-seed crushing plant in Queensland, further solidifying its position as a key player in the industry.
“This is an incredible milestone for the entire Australian Oilseeds team,” states Mr. Seaton. “Investors now have the opportunity to join us in our mission to become a global leader in providing chemical-free non-GMO feed ingredients into the food supply chain.”
“We are proud to have facilitated the successful business combination between Australian Oilseeds and EDOC, marking a significant step forward for both companies. This transaction underscores our commitment to driving growth and creating value for our clients in the ever-evolving landscape of mergers and acquisitions.” – Ian Hanna, Managing Director of ARC Group
ARC Group Limited acted as the exclusive financial advisor to Australian Oilseeds Investments Pty Ltd, with I-Bankers Securities, Inc. serving as financial advisor to EDOC. Legal counsel was provided by Rimon P.C. for Australian Oilseeds Investments Pty Ltd, and Ellenoff Grossman & Schole LLP for EDOC.
About Australian Oilseeds
Australian Oilseeds is focused on manufacturing and selling sustainable oilseeds and committed to eliminating chemicals from production systems. The company engages in processing, manufacturing, and selling non-GMO oilseeds and organic and non-organic food-grade oils.
About EDOC Acquisition Corp
EDOC is a blank check company organized for effecting business combinations. The company is sponsored by physician entrepreneurs and led by Kevin Chen, CEO.
This press release serves solely for informational purposes and does not serve as a proxy statement or solicitation for proxies. It’s important to note that forward-looking statements may not align with actual results due to a range of uncontrollable factors. Investors are encouraged to review the pertinent documents filed with the SEC concerning the proposed transaction.
For more information or any questions, please contact:
Ian Hanna
Managing Director
Ian.hanna@arc-group.com
