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Australian Oilseeds and EDOC Acquisition Corp. Announce Effectiveness of Registration Statement and Date of Shareholder Meeting to Approve Proposed Business Combination
ADOCEdoc Acquisition (ADOC) Newsfilter·2024-02-07 20:00

Company Overview - Australian Oilseeds Holdings Limited is focused on the manufacture and sale of sustainable oilseeds, particularly non-GMO and organic food-grade oils, and aims to eliminate chemicals from the food supply chain [6] - The company operates the largest cold pressing oil plant in Australia, processing strictly GMO-free oilseeds to meet the growing demand for healthy and organic products [3][6] Business Combination Details - EDOC Acquisition Corp. and Australian Oilseeds have announced a proposed business combination, with the SEC declaring the registration statement effective on February 6, 2024 [1][10] - An extraordinary general meeting for EDOC shareholders is scheduled for February 26, 2024, to vote on the business combination [2][4] - Upon closing, Australian Oilseeds is expected to trade on Nasdaq under the ticker "COOT" [3] Strategic Goals - The business combination aims to position Australian Oilseeds as a global leader in providing chemical-free non-GMO feed ingredients, enhancing its market presence [3] - The company plans to work with suppliers in the food supply chain to provide healthier options for consumers on a larger scale [3][6] Financial Advisory and Legal Representation - ARC Group Limited is acting as the exclusive financial advisor for Australian Oilseeds, while various legal firms are providing counsel for the business combination [7][9]