Locafy Financials Restated
Ticker: LCFYW · Form: 6-K · Filed: Aug 20, 2025 · CIK: 1875547
| Field | Detail |
|---|---|
| Company | Locafy LTD (LCFYW) |
| Form Type | 6-K |
| Filed Date | Aug 20, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-restatement, audit-committee, sec-filing
TL;DR
Locafy's financials are unreliable, don't trust old numbers.
AI Summary
On August 20, 2025, Locafy Limited's Audit Committee determined that previously issued consolidated financial statements should not be relied upon. This announcement is made under Form 6-K, indicating a report of a foreign private issuer.
Why It Matters
This filing signals potential accounting issues or restatements, which could impact investor confidence and the company's stock price.
Risk Assessment
Risk Level: medium — Restatements of financial statements can indicate underlying accounting control weaknesses or errors, creating uncertainty for investors.
Key Players & Entities
- Locafy Limited (company) — Registrant
- Audit Committee (company) — Board of Directors committee
- August 20, 2025 (date) — Date of Audit Committee conclusion
FAQ
What specific financial statements are affected by the non-reliance announcement?
The filing states that the Company's 'previously issued consolidated financial statements' should not be relied upon, but does not specify which periods or statements are affected.
What is the reason for the Audit Committee's conclusion?
The filing does not provide the specific reasons for the Audit Committee's conclusion that the previously issued financial statements should not be relied upon.
When was this conclusion reached by the Audit Committee?
The Audit Committee of Locafy Limited reached its conclusion on August 20, 2025.
What is the filing type and its purpose?
This is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, filed for the month of August 2025.
Does Locafy Limited file annual reports on Form 20-F or 40-F?
Yes, Locafy Limited indicates it files annual reports under cover of Form 20-F.
Filing Stats: 624 words · 2 min read · ~2 pages · Grade level 17.9 · Accepted 2025-08-20 16:05:11
Filing Documents
- form6-k.htm (6-K) — 20KB
- 0001641172-25-024977.txt ( ) — 21KB
financial statements in the Form 20-F
financial statements in the Form 20-F. The Company’s management and the Committee discussed the matters disclosed in this Report on Form 6-K with Grant Thornton Audit Pty Ltd., the Company’s former independent accounting registered public firm. Forward-Looking Certain contained in this report that do not relate to matters of historical fact should be considered forward-looking statements. For example, forward-looking statements include, without limitation, statements regarding the Company’s anticipated restatements of financial with the SEC. The forward-looking statements included in this report are made only as of the date of this report, and, unless otherwise required by applicable law, the Company assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.
SIGNATURES
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. LOCAFY LIMITED Date: August 20, 2025 By: /s/ Gavin Burnett Name: Gavin Burnett Title: Chief Executive Officer