Mobilicom Further Strengthens Balance Sheet With Warrant Exercises for Approximately $1.2 Million Cash Proceeds

Proceeds expected to extend cash runway to fund operations into at least the next 24 months 

SHOHAM, Israel, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that holders of warrants to purchase 761,290 ADRs issued in the Company’s registered direct offering in January 2024, have exercised their warrants for aggregate gross proceeds of approximately $1.2 million.