Mobilicom Terminates its ATM Facility, Citing Strengthened Financial Position

Mobilicom (Nasdaq: MOB) said it has terminated its at-the-market (ATM) sales agreement, citing a strengthened financial position after fiscal year 2025.

Rhea-AI Summary

Mobilicom (Nasdaq: MOB) said it has terminated its at-the-market (ATM) sales agreement, citing a strengthened financial position after fiscal year 2025. The company reported $19 million in cash and a low monthly burn rate, enabling focus on execution and organic growth.

Mobilicom highlighted a production ramp-up for a U.S. Tier-1 drone customer tied to a U.S. Department of Defense Program of Record win and said expected continued revenue momentum across its broader customer base supports the decision to end the ATM facility.

Positive

• $19 million cash on hand at December 31, 2025
• Termination of ATM reflects strengthened balance sheet
• Production ramp-up tied to a U.S. Tier-1 DoD Program of Record customer

Negative

• Ending the ATM reduces near-term equity financing flexibility
• Operational progress depends on successful production ramp-up for a single Tier-1 customer

Argus Mar 24 session

-10.40% close to close Open Argus

Details

News Market Reaction – MOBBW

On Mar 24, the day this news came out, MOBBW closed 10.40% below the previous close.

Data tracked by StockTitan Argus for the Mar 24 session.

Market Context

On Mar 24, the day this news came out, the stock closed 10.4% below the previous close. A negative r...

Analysis

On Mar 24, the day this news came out, the stock closed 10.4% below the previous close. A negative reaction despite the company citing $19 million in cash and terminating its ATM facility could fit a pattern where prior positive news, such as the FCC Trusted Drones recognition with a -10% move, did not translate into strength. Past events show mixed follow-through even on favorable updates, so any sharp decline might reflect skepticism about execution or prior volatility rather than this announcement alone.

Key Figures

Cash balance: $19 million ATM agreement start: February 2025 Full-year end date: December 31, 2025 +2 more

Cash balance

$19 million

Management statement linked to year ended December 31, 2025 results

ATM agreement start

February 2025

Original entry date of ATM sales agreement now terminated

Full-year end date

December 31, 2025

Period for the favorable financial results referenced in the release

Current price

$2.5

Pre-news context price for MOBBW

52-week range

$0.2–$5.8

Pre-news 52-week low and high for MOBBW

Historical Context

5 past events · Latest: Mar 19

5 events

1. Mar 19

   Trusted drones status

   24h Move

   -10.0%

   FCC and U.S. Department of War named Mobilicom among first Trusted Drones.

2. Mar 16

   Earnings call scheduled

   24h Move

   -2.7%

   Company set date and webcast details for full-year 2025 results release.

3. Mar 04

   Conference sponsorship

   24h Move

   +0.5%

   Gold sponsorship and exhibition at a loitering munition summit in Huntsville.

4. Feb 24

   Trade fair participation

   24h Move

   -1.0%

   Participation in Enforce Tac 2026 to engage EU distributors and defense customers.

5. Feb 19

   Design win & order

   24h Move

   +5.0%

   Design win and initial order to integrate cybersecure systems into new ISR drone.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

at-the-market, program of record

2 terms

at-the-market financial

"notice of termination of its at-the-market (“ATM”) sales agreement"

"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.

program of record technical

"U.S. Tier-1 drone customer’s U.S. Department of Defense Program of Record win"

A program of record is a government-approved, funded acquisition project that has an official schedule, budget and oversight within the procurement system. For investors, it signals a formal, multi-year buying commitment—like an official shopping list and timetable the government has agreed to—which can reduce sales uncertainty, support production planning and make future revenue from that program more predictable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Palo Alto, California, March 24, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has provided notice of termination of its at-the-market (“ATM”) sales agreement originally entered into in February 2025.

“Following our favorable financial results for the year ended December 31, 2025, Mobilicom is in a significantly stronger position today than when we first initiated the ATM,” said CEO and Founder Oren Elkayam. “With $19 million in cash and low monthly burn rate, our solid balance sheet allows us to focus entirely on execution. Driven by the production ramp-up of our U.S. Tier-1 drone customer’s U.S. Department of Defense Program of Record win—alongside expected continued revenue momentum across our broader customer base—we are well-positioned to generate a consistent and growing revenue stream over the coming years. Given this momentum, we have the confidence that our current trajectory allows us to support our organic growth without the need for the ATM facility, while remaining committed to delivering long-term shareholder value”.

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses generating a consistent and growing revenue stream over the coming years, and that its current trajectory will allow it to support organic growth without the need for the ATM facility. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
liad.gelfer@mobilicom.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Mobilicom (MOB) terminate its ATM facility on March 24, 2026?

Mobilicom terminated the ATM because it reported improved financial strength and lower funding need. According to the company, $19 million in cash and a low monthly burn rate let management support organic growth without the ATM.

How much cash did Mobilicom (MOB) report when ending the ATM on March 24, 2026?

Mobilicom reported $19 million in cash at the time of ATM termination. According to the company, this cash balance plus a low monthly burn rate underpins its decision to end the ATM facility.

What does terminating the ATM mean for Mobilicom shareholders (MOB)?

Terminating the ATM reduces potential near-term share dilution from at‑the‑market sales. According to the company, the move reflects confidence in organic revenue momentum and a stronger balance sheet to support execution.

How does Mobilicom (MOB) plan to fund growth after ending the ATM on March 24, 2026?

Mobilicom plans to support growth organically using existing cash flow and its cash balance. According to the company, $19 million in cash and expected revenue momentum will fund execution without the ATM facility.

What operational risks did Mobilicom (MOB) note when ending the ATM on March 24, 2026?

Mobilicom noted reliance on a production ramp-up for a U.S. Tier-1 drone customer tied to a DoD Program of Record. According to the company, successful ramp-up is central to sustaining revenue momentum across its customer base.