Locafy Ltd Files Amendment to Annual Report on Form 20-F

TL;DR

<b>Locafy Ltd has filed an amendment to its annual report on Form 20-F for the fiscal year ending June 30, 2023, detailing its outstanding ordinary shares and warrants.</b>

AI Summary

Locafy Ltd (LCFYW) filed a Amended Foreign Annual Report (20-F/A) with the SEC on April 17, 2024. Locafy Ltd filed an amendment (No. 1) to its annual report on Form 20-F for the fiscal year ended June 30, 2023. The company's ordinary shares trade on The Nasdaq Capital Market under the symbol LCFY. Warrants to purchase ordinary shares also trade on The Nasdaq Capital Market under the symbol LCFYW. As of June 30, 2023, Locafy Ltd had 1,276,248 ordinary shares outstanding. The filing is an annual report, not a registration statement or shell company report.

Why It Matters

For investors and stakeholders tracking Locafy Ltd, this filing contains several important signals. This amendment provides updated information regarding the company's share structure and trading instruments, which is crucial for investors tracking the company's financial and corporate status. The filing confirms Locafy's status as a reporting issuer on the Nasdaq, providing transparency for shareholders and potential investors.

Risk Assessment

Risk Level: low — Locafy Ltd shows low risk based on this filing. The filing is an amendment to a routine annual report, indicating standard corporate compliance rather than significant new risks or opportunities.

Analyst Insight

Monitor future filings for updates on financial performance and operational developments following this routine amendment.

Key Numbers

• 1,276,248 — Ordinary Shares Outstanding (As of June 30, 2023)
• 2023-06-30 — Fiscal Year End (Period covered by the report)

Key Players & Entities

• Locafy Ltd (company) — Registrant name
• 20-F/A (filing) — Form type
• June 30, 2023 (date) — Fiscal year end
• LCFY (ticker) — Ordinary Shares trading symbol
• LCFYW (ticker) — Warrants trading symbol
• The Nasdaq Capital Market (exchange) — Exchange where securities are registered
• 1,276,248 (dollar_amount) — Number of ordinary shares outstanding as of June 30, 2023

FAQ

Industry Context

Locafy Ltd operates in the services sector, specifically computer programming and data processing.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 13 or 15(d) for annual reports.

What Investors Should Do

1. Review the full Form 20-F amendment for detailed financial statements and disclosures.
2. Track Locafy Ltd's stock performance (LCFY) and warrant activity (LCFYW) on Nasdaq.
3. Monitor future SEC filings for ongoing corporate and financial updates.

Key Dates

• 2023-06-30: Fiscal Year End — End of the reporting period for the annual report.
• 2024-04-17: Filing Date — Date the amendment to the 20-F was filed with the SEC.

Year-Over-Year Comparison

This filing is an amendment (No. 1) to the previously filed annual report on Form 20-F for the fiscal year ended June 30, 2023.

Key Financial Figures

• $1.0000 — U.S. Dollars were made at the rate of A$1.0000 to US$0.6630, which was the daily excha
• $0 — were made at the rate of A$1.0000 to US$0.6630, which was the daily exchange rate

Filing Documents

• form20-fa.htm (20-F/A) — 613KB
• ex12-1.htm (EX-12.1) — 7KB
• ex12-2.htm (EX-12.2) — 7KB
• ex13-1.htm (EX-13.1) — 8KB
• ex13-2.htm (EX-13.2) — 8KB
• form20-f.jpg (GRAPHIC) — 8KB
• 0001493152-24-015028.txt (&nbsp;) — 1193KB
• lcfy-20230630.xsd (EX-101.SCH) — 43KB
• lcfy-20230630_def.xml (EX-101.DEF) — 30KB
• lcfy-20230630_lab.xml (EX-101.LAB) — 149KB
• lcfy-20230630_pre.xml (EX-101.PRE) — 28KB
• form20-fa_htm.xml (XML) — 11KB

SIGNATURES

SIGNATURES 39 3 BASIS OF PRESENTATION Except as otherwise indicated, references in this Annual Report on Form 20-F ("Annual Report") to "Locafy," the "Company," the "Group," "we," "us" and "our" refer to Locafy Limited, a company incorporated under the laws of Australia, and its directly owned subsidiary on a consolidated basis. We express all amounts in this Annual Report in U.S. dollars, except where otherwise indicated. References to "$" and "US$" are to U.S. dollars and references to "A$" are to Australian dollars. Except as otherwise noted, conversions from Australian dollars into U.S. Dollars were made at the rate of A$1.0000 to US$0.6630, which was the daily exchange rate published by the Reserve Bank of Australia on June 30, 2023. We have made rounding adjustments to some of the figures included in this Annual Report. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them. On December 7, 2022, our shareholders approved, at a general meeting of shareholders, a 1-for-20 reverse share split (the "Reverse Share Split") of our outstanding ordinary shares and warrants (the "IPO Warrants") issued in connection with our initial public offering in the United States, effective as of 11:00 a.m. (Australia time). Except as otherwise indicated, all share and per share information in this Annual Report gives effect to the Reverse Share Split. PRESENTATION OF FINANCIAL INFORMATION We report under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). None of the financial statements were prepared in accordance with generally accepted accounting principles in the United States. We present our financial statements in Australian dollars. The consolidated financial statements and accompanying notes thereto presented in this Annual Report have been audited by Grant Thornton Audit Pty Ltd, our independent registered pu

Risk Factors

Risk Factors RISK FACTOR SUMMARY Investing in our securities is speculative and involves substantial risk. You should carefully consider all of the information in this Annual Report prior to investing in our securities. There are numerous risk factors related to our business that are described under "Risk Factors" on page 8 and elsewhere in this Annual Report. These risks could materially and adversely impact our business, results of operations, financial condition and future prospects, which could cause the trading price of our ordinary shares to decline and could result in a loss of your investment. Among these important risks are the following: Our recent growth may not be indicative of our future growth, and we may not be able to sustain our revenue growth rate in the future. Our growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. The market and technology space in which we participate are competitive, new, and rapidly changing, and if we do not compete effectively, introduce new features or products successfully, make enhancements to our existing products and services, or if our products and services do not perform as well as our competitors', then our business, results of operations, and financial condition could be harmed. We use third-party services and technologies in connection with our business, and any disruption to the provision of these services and technologies to us could result in negative publicity and a slowdown in the growth of our user base, which could materially and adversely affect our business, financial condition and results of operations. If we fail to manage our growth effectively, we may be unable to execute our business plan or maintain high levels of service and customer satisfaction. We will face additional risks as we offer new products and services, transact with a broader array of clients and counterparties, and expose ourselves to new geographical

View Full Filing

View this 20-F/A filing on SEC EDGAR