Mobilicom (Nasdaq: MOB) ends ATM facility, citing $19M cash strength
Rhea-AI Filing Summary
Mobilicom Limited has terminated its at-the-market (ATM) share sales facility that was originally entered into in February 2025. The company cites a stronger financial position, including $19 million in cash and a low monthly burn rate, as key reasons for no longer needing this financing source.
Management says favorable results for the year ended December 31, 2025 and ramp-up of a U.S. Tier‑1 drone customer tied to a U.S. Department of Defense program, along with broader customer momentum, give it confidence to fund organic growth without relying on the ATM facility.
Positive
- None.
Negative
- None.
FAQ
What did Mobilicom (MOB) announce regarding its ATM facility?
How much cash does Mobilicom (MOB) report while ending the ATM facility?
What growth outlook does Mobilicom (MOB) describe in this update?
What business focus does Mobilicom (MOB) highlight alongside ending the ATM?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
MOBILICOM LIMITED
Commission File Number 001-41427
(Translation of registrant’s name into English)
1 Rakefet Street
Shoham, Israel 6083705
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
Attached hereto and incorporated herein is the registrant’s press release issued on March 24, 2026, titled “Mobilicom Terminates its ATM Facility, Citing Strengthened Financial Position.”
The first paragraph of the press release attached hereto as Exhibit 99.1 is hereby incorporated by reference into the registrant’s Registration Statements on Form S-8 (File No. 333-284265 and 333-289762) and Form F-3 (File No. 333-274929), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| Exhibit No. | ||
| 99.1 | Press release titled: “Mobilicom Terminates its ATM Facility, Citing Strengthened Financial Position” |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MOBILICOM LIMITED | |||
| Date: March 24, 2026 | By: | /s/ Oren Elkayam | |
| Name: | Oren Elkayam | ||
| Title: | Chairman | ||
2
Exhibit 99.1
Mobilicom Terminates its ATM Facility, Citing Strengthened Financial Position
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