Announcement • May 21
Locafy Limited Launches Advanced AEO Platform Poseidon Locafy Limited announced the upcoming release of “Poseidon,” an advanced Answer Engine Optimization (AEO) platform whose products have already delivered strong AI search ranking results for its independent State Farm agency customers, in addition to impressive overall Search Engine Optimization (SEO) performance for these same clients. The analysis evaluated 128 independent State Farm agencies that had been active clients for more than 60 days. It measured performance across 101 insurance-related keywords, resulting in 76% visibility across 2,661 AI search queries across the three leading AI search platforms. Key findings from the analysis included: 76% overall visibility rate across all AI search platforms, 98% of agencies achieved one or more Top 3 rankings, only 2 out of 128 agencies were invisible across all providers for an entire keyword set, average ranking position of 2.9 in ChatGPT across all keywords and agencies, numerous agencies achieved multiple #1 rankings for highly competitive insurance-related searches. Platform-specific results included: ChatGPT achieved a 77% visibility rate with an average ranking position of 2.9, Claude achieved the highest overall visibility rate at 80%, Gemini achieved a 71% visibility rate across tested queries, agencies appeared in Top 10 results 65% to 75% of the time across all three AI search engines. The analysis also identified numerous examples of agencies achieving multiple #1 rankings across commercially valuable insurance-related search terms, including “insurance agency,” “State Farm quote,” “State Farm agent,” “car insurance,” and “insurance agency near me.” In several cases, agencies achieved multiple #1 rankings across all three AI search engines for high-intent insurance keywords. Locafy recently introduced a lower-cost AI Citation product designed to improve visibility and rankings in AI-generated search results. Early adoption and customer engagement for the product continue to accelerate as businesses increasingly seek to establish a competitive advantage within AI-driven discovery and recommendation platforms. Locafy believes generative AI search represents a significant long-term opportunity as online discovery increasingly shifts from traditional search results toward AI-generated recommendations and responses. Announcement • Nov 27
Locafy Limited, Annual General Meeting, Nov 26, 2025 Locafy Limited, Annual General Meeting, Nov 26, 2025. Location: meetnow.global/mpr9km6, Australia Announcement • Oct 23
Locafy Limited announced delayed 20-F filing On 10/22/2025, Locafy Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • Aug 31
Third quarter 2025 earnings released: AU$0.46 loss per share (vs AU$0.51 loss in 3Q 2024) Third quarter 2025 results: AU$0.46 loss per share. Revenue: AU$825.8k (down 9.4% from 3Q 2024). Net loss: AU$817.2k (loss widened 24% from 3Q 2024). Announcement • Jul 07
Locafy Limited Launches AI-Driven SEO Product Suite for Fiscal Year 2026 Locafy Limited unveiled its FY26 suite of AI-powered SEO products. These solutions, now commercially available following successful market testing, are designed to deliver measurable improvements across organic, AI, and marketplace search results. Locafy initially outlined its AI-powered publishing roadmap in December 2024, promising to streamline content production and improve cost-effective online visibility for businesses. All of Locafy's publishing and SEO products are designed to drive visibility in search engines and, increasingly, AI-driven search tools and marketplaces. Recent research shows these optimizations extend across both traditional and emerging search platforms. Locafy is focused on three primary solution categories: Online Business Listings; Local SEO; AI-powered engagement tools; Online Business Listings. Locafy continues to assert that online business listings form the cornerstone of successful Local SEO. These listings supply structured data that fuels automated SEO product generation. Locafy currently publishes more than 9.5 million listings in the U.S. and remains focused on partnerships with citation management firms and multi-location businesses. It is also exploring acquisitions of databases, directories, and citation management assets. The Total Addressable Market (TAM) for the Local SEO solution in their key target markets of USA, Canada, Australia, and the UK is more than 40 million businesses. Over the past six months, Locafy has streamlined its product suite, automated key production processes, and validated product performance through live testing. With this foundation in place, the Company is poised for commercial growth in fiscal year 2026. While the company still offers solutions for National SEO and e-Commerce, it believes the immediate opportunity afford by its breakthroughs in AI Search represents a larger and more scalable revenue opportunity with far greater automation already in place. New Risk • Jun 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 65% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Share price has been highly volatile over the past 3 months (65% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Market cap is less than US$10m (US$3.52m market cap). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (AU$3.8m revenue, or US$2.5m). New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Earnings have declined by 2.1% per year over the past 5 years. Market cap is less than US$10m (US$5.60m market cap). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (AU$3.8m revenue, or US$2.5m). Announcement • Feb 14
Locafy Limited Introduces Localizer, A Powerful Solution to Boost Local Search Visibility and Drive Partner-Led Growth Locafy Limited announced the launch of Localizer, a powerful solution designed to help businesses improve their online visibility and rank higher in local search results. With 46% of Google searches seeking local products and services, businesses absent from Page 1 search results miss substantial revenue opportunities. While traditional SEO approaches demand significant time and resources, Localizer provides an innovative, scalable solution to enhance local search visibility--at a fraction of the time and cost. As part of Locafy's broader strategic shift, the Company is transitioning its resellers into its partner program "Partners," where partners manage the client relationship. At the same time, Locafy oversees technology service delivery and maintains the billing relationship. This model fosters a more scalable approach while empowering partners to grow their businesses with Locafy's innovative solutions without having to worry about service delivery. Additionally, key salespeople of the Company have transitioned from salaried positions to partners, further reducing fixed costs while creating a direct incentive to drive revenue. This shift has already begun yielding results, with Locafy's new partners generating over $35,000 in new monthly recurring revenue and a strong pipeline of additional opportunities. At the same time, cost reductions in direct sales staff of more than $25,000 per month will come into full effect in the June quarter. Locafy's Localizer is a turnkey local SEO solution that accelerates businesses' search rankings by optimizing their presence across multiple digital touchpoints. The four-step approach includes: Syndicating Business Listings - Distributing consistent, authoritative business profiles across 120+ directories, apps, maps, and voice search platforms; Deploying Optimized Landing Pages - Creating independent, high-ranking web pages that target valuable local keywords without modifying existing business websites; Enhancing Google Business Profile Visibility - Optimizing GBP and applying SEO technology to boost Local Pack rankings, where nearly 44% of mobile search clicks occur; Publishing Relevant Articles - Producing high-quality content that targets key search intent categories to increase brand authority and organic search prominence. The Localizer product is at the forefront of Partners as Locafy winds down older product versions, focusing on a standard location-based digital marketing solution with articles available as an add-on module. The combination of listings, landing pages and local pack covers all the search query intent of consumers - transactional, navigation, commercial and information. Each component provides the opportunity for online visibility depending on the search intent of the consumer. Scalable Solutions for Multi-Location Businesses: Locafy anticipates strong demand for Localizer, particularly among larger, multi-location businesses. The platform provides a comprehensive, cost-efficient digital marketing solution that can be deployed at scale, helping brands improve their local search performance while ensuring consistency across multiple locations. New Risk • Feb 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.94m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Earnings have declined by 2.1% per year over the past 5 years. Market cap is less than US$10m (US$9.94m market cap). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$3.8m revenue, or US$2.4m). Announcement • Jan 17
Locafy Launches Strategic Partner Program with Announcement of Unique Point Partnership and Highlights Resellers Transitioning to Strategic Partner Program Locafy Limited announced the launch of its enhanced Partner Program, marking a strategic shift from its previous reseller model. The company also announced a new partnership with Unique Point, a prominent digital marketing agency led by industry veteran Tony Bulic. The new Partner Program represents a significant evolution in Locafy's go-to-market strategy, emphasizing direct customer relationships and partnerships with category leaders across key vertical markets. This strategic shift enables Locafy to maintain closer relationships with end customers while ensuring consistent service quality and streamlined billing processes. The program focuses on collaborating with established industry leaders who can drive significant volume in their respective markets, including real estate, home services, and other key verticals. This targeted approach allows Locafy to maintain high service standards while expanding its market presence through strategic partnerships. As part of this initiative, Locafy announced its partnership with Unique Point, a leading Australian digital marketing agency. Founded by Tony Bulic, Unique Point serves major franchise groups across home services, pool and spa manufacturing, finance, telecommunications, and real estate sectors. The partnership has already demonstrated significant success, delivering multiple Page 1 rankings for high-value keywords within 30 days for several clients, showcasing the powerful combination of Locafy's technology and Unique Point's market expertise. Announcement • Nov 25
Locafy Limited, Annual General Meeting, Nov 26, 2024 Locafy Limited, Annual General Meeting, Nov 26, 2024. Location: meetnow.global/mwwhq9h, Australia Announcement • Oct 26
Locafy Limited announced delayed 20-F filing On 10/25/2024, Locafy Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • May 03
Third quarter 2024 earnings released: AU$0.51 loss per share (vs AU$0.97 loss in 3Q 2023) Third quarter 2024 results: AU$0.51 loss per share (improved from AU$0.97 loss in 3Q 2023). Revenue: AU$937.5k (down 26% from 3Q 2023). Net loss: AU$661.7k (loss narrowed 35% from 3Q 2023). Announcement • Mar 26
Locafy Launches Hotfrog Proximity Page Application Built in Collaboration with Yext Locafy Limited announced the launch of Hotfrog Proximity Page, an application built in partnership with Yext. Hotfrog Proximity Page is a proprietary application that allows users to enhance their online presences and drive traffic to their main websites. Locafy's technology already uses the information included on Hotfrog.com, a top-20 free online directory which Locafy acquired in 2016, to create new landing pages1. This solution combines data from Yext's headless CMS, Yext Content, with Locafy's specialized SEO technology to empower local businesses to effortlessly create for themselves one or more dynamic landing pages that are optimized for SEO performance. Backed by Yext Content, the powerful knowledge graph that serves as a foundation for a brand's entire digital presence through the Yext platform, Hotfrog Proximity Page landing pages can seamlessly integrate with existing Yext accounts. With the application's web-sync feature, any changes made to a client's business listing information within the Yext platform automatically update on client websites backed by the application. This ensures that the essential data displayed on the landing pages is updated immediately and matches the information advertised across Yext's network of publishers. Several Locafy partners connected to Hotfrog's publishing API are currently piloting Hotfrog Proximity Page. Locafy anticipates a broader rollout of the application over the rest of 2024. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$5.0m revenue, or US$3.3m). Market cap is less than US$100m (US$10.2m market cap). New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (US$8.68m market cap). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$4.9m revenue, or US$3.2m). Reported Earnings • Nov 29
First quarter 2024 earnings released: AU$0.63 loss per share (vs AU$1.97 loss in 1Q 2023) First quarter 2024 results: AU$0.63 loss per share (improved from AU$1.97 loss in 1Q 2023). Revenue: AU$1.13m (down 20% from 1Q 2023). Net loss: AU$808.1k (loss narrowed 60% from 1Q 2023). Announcement • Nov 17
Locafy Limited, Annual General Meeting, Nov 28, 2023 Locafy Limited, Annual General Meeting, Nov 28, 2023, at 21:00 US Eastern Standard Time. Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the Directors’ Report and the Auditor’s Report; to consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution That, for the purpose of clause 14.4 of the Constitution and for all other purposes, Andrea Betti, retires by rotation, and being eligible, is re-elected as a Director of the Company; and to discuss other matters. Reported Earnings • Oct 13
Full year 2023 earnings released: AU$3.69 loss per share (vs AU$4.96 loss in FY 2022) Full year 2023 results: AU$3.69 loss per share (improved from AU$4.96 loss in FY 2022). Revenue: AU$5.38m (up 27% from FY 2022). Net loss: AU$3.89m (loss narrowed 24% from FY 2022). New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.7m free cash flow). Market cap is less than US$10m (US$8.47m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$5.3m revenue, or US$3.6m). Announcement • Jun 23
Locafy Announces Receipt of Nasdaq Listing Determination Locafy Limited announced that on June 21, 2023, the Company received notice from the Listing Qualifications Staff of the Nasdaq Capital Market indicating that, based upon the Company’s continued non-compliance with Nasdaq’s minimum stockholders’ equity requirement of at least $2.5 million under Nasdaq Listing Rule 5550(b)(1), as of June 30, 2023, the Company’s securities would be subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). Further, as of June 21, 2023, the Company did not meet the alternative compliance standards relating to the market value of listed securities of $35 million or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years. On May 5, 2023, May 18, 2023 and June 12, 2023, the Company submitted a plan and supporting documentation to regain compliance with the minimum stockholders’ equity requirement. The Staff notified the Company by letter dated June 21, 2023, that it determined that the Company did not provide definitive agreements or sales contracts in support of its financial projections as related to its cost cutting measures and that plans relying on future projected revenues to comply with the equity requirement are generally not accepted unless the Company has definitive contracts and the revenue will be received in the near term. The Staff also determined that it found no support for assuming profitability or a tax asset being accretive to equity absent definitive agreements. Finally, the Staff determined that although the Company plans an equity infusion through an ATM offering, the amount and timing of any equity raise is uncertain, and in and of itself, the ATM offering will not be enough to restore the Company to compliance. The Company will have until June 28, 2023 to request a hearing. The Company plans to timely request a hearing, which request will stay any further action by the Staff at least pending the issuance of the Panel’s decision following the hearing and the expiration of any extension that may be granted by the Panel. At the hearing, the Company will present its plan to evidence compliance with the minimum stockholders’ equity requirement for continued listing on Nasdaq, and request an extension of time within which to do so. The Company’s ordinary shares and warrants will continue to trade on Nasdaq under the symbols “LCFY” and “LCFYW”, respectively, at least pending the ultimate conclusion of the hearing process. Reported Earnings • Jun 16
Third quarter 2023 earnings released: AU$0.97 loss per share (vs AU$1.73 loss in 3Q 2022) Third quarter 2023 results: AU$0.97 loss per share (improved from AU$1.73 loss in 3Q 2022). Revenue: AU$1.39m (up 15% from 3Q 2022). Net loss: AU$1.02m (loss narrowed 45% from 3Q 2022). Announcement • Jun 14
Locafy Limited Announces Official Trinity Platform Launch Locafy Limited announced that it has officially launched Trinity, a new SEO platform solution expected to provide Locafy customers with improved functionality, flexibility, and performance. Trinity will replace Moboom, the platform that Locafy has provided to customers since June 2021. For customers, this launch provides a multitude of upgrades, including a high-end technology stack, in-depth analytics and insights, enhanced website templates, and improved customer support tools, among other new features. Most importantly, Trinity provides Locafy customers with the Company's most advanced SEO tools, including Locafy's entity-based technology announced last month. This technology, believed to have been pioneered by Locafy for the SEO automation industry, optimizes Locafy webpages to more effectively allow local businesses to rank for multiple relevant keywords in their local service areas. Also, Locafy's entity- based SEO approach empowers clients to gain more control over pay-per-click keywords, revealing a deeper, untapped potential to increase revenues from paid ads. Notably, as machine-learning and AI become more prevalent online, Locafy's entity -based technologies are expected to also counteract the effects of AI-generated content and help maintain the quality and relevance of Locafy customers' digital content. Locafy has started migrating existing campaigns to the Trinity platform, and expects to complete the transition by the end of fiscal Fourth Quarter 2023. All new campaigns deployed on Locafy software will be deployed on the Trinity platform. Reported Earnings • Mar 18
First half 2023 earnings released: AU$3.93 loss per share (vs AU$1.40 loss in 1H 2022) First half 2023 results: AU$3.93 loss per share (further deteriorated from AU$1.40 loss in 1H 2022). Revenue: AU$3.00m (up 67% from 1H 2022). Net loss: AU$4.04m (loss widened 195% from 1H 2022). Board Change • Jan 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Ranko Matic was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
Locafy Regains Compliance with Nasdaq Minimum Bid Price Requirement On December 23, 2022, Locafy Limited announced that it has received notice from The Nasdaq Stock Market LLC (‘Nasdaq’) on December 22, 2022 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the ‘Rule’) for continued listing on the Nasdaq Capital Market and that the matter is now closed. On June 30, 2022, Locafy received notice from Nasdaq that the Company was not in compliance with the Rule, as its ordinary shares failed to meet a closing bid price of $1.00 or more for 30 consecutive business days. The Company conducted a 1-for-20 reverse split of its ordinary shares on December 7, 2022, to aid the compliance process. To regain compliance with the Rule, the Company’s ordinary shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. This requirement was met on December 21, 2022. Announcement • Nov 26
Locafy Limited, Annual General Meeting, Dec 07, 2022 Locafy Limited, Annual General Meeting, Dec 07, 2022, at 10:00 W. Australia Standard Time. Location: Locafy Head Office, 246 Churchill Avenue Subiaco Western Australia Australia Agenda: To consider consolidation of capital to effect a reverse stock split of the company’s common stock of one new share for every 20 shares outstanding; and to consider any other matter thereof. Announcement • Nov 02
Locafy Limited to Report Q1, 2023 Results on Nov 08, 2022 Locafy Limited announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Announcement • Nov 01
Locafy Limited announced delayed 20-F filing On 10/31/2022, Locafy Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Oct 05
Locafy Limited Announces That It Has Officially Launched Brand Boost, an E-Commerce SEO Marketing Tool That Increases Brand Visibility and Drives Online Product Sales for Locafy Client Locafy Limited announced that it has officially launched Brand Boost, an e-commerce SEO marketing tool that increases brand visibility and drives online product sales for Locafy clients. Brand Boost is an e-commerce focused search engine marketing tool powered by Locafy that creates national SEO campaigns for brands and products. As Locafy’s first proprietary solution focused on e-commerce marketing, Brand Boost pairs Locafy’s robust backend infrastructure with automated programming to enhance clients’ online commerce revenue growth. For each campaign, Brand Boost identifies specific audiences and targets them with optimized e-commerce landing pages. These pages help to accurately showcase products through individualized content, including product overview and customer review videos, that increases visitors’ conversion potential and reduces customer acquisition costs. As no internal developers are required to implement or maintain Brand Boost, users can quickly sell through their existing e-commerce operations and see results within weeks. Over the past seven years, Jimmy Kelley Digital (JKD) founder Jimmy Kelley has successfully trialed a prototype version of Brand Boost with both U.S. and Australian clients. According to the campaign results of several dozen recognized brands and products across multiple marketplaces, clients typically achieved between 20%-60% in monthly product sale increases by using Brand Boost. As highlighted in the Company’s recent press release dated Sept. 6, 2022, the prototype Brand Boost technology was recently acquired by Locafy with the acquisition of JKD, and has since been incorporated into the Locafy technology stack. With the acquisition complete and the transition of JKD’s paying client base to Locafy, the Company is seeking to expand Brand Boost’s reach moving forward. Announcement • Sep 07
Locafy Limited (NasdaqCM:LCFY) acquired Jimmy Kelley Digital. Locafy Limited (NasdaqCM:LCFY) acquired Jimmy Kelley Digital on September 6, 2022. In conjunction with the acquisition, Kelley will join Locafy as its new Global Head of Search Technology, effective immediately.
Locafy Limited (NasdaqCM:LCFY) completed the acquisition of Jimmy Kelley Digital on September 6, 2022. Announcement • Jul 16
Ranko Matic Appoints Ranko Matic as Independent Non-Executive Director Locafy Limited announced the appointment of Mr. Ranko Matic as a non-executive director. The appointment of Mr. Matic as a director expands the Board from three to four directors and is now comprised of two independent directors and two non-independent directors. Mr. Matic, a resident of Perth, Australia, is a qualified Chartered Accountant with over 30 years experience in the areas of financial and executive management, accounting, audit, business and corporate advisory. Mr. Matic has considerable experience in a range of industries with particular exposure to public listed companies and large private enterprises. His expertise and exposure in all areas of corporate advisory services, financial reporting and audit, due diligence, mergers & acquisitions, and valuations makes him a respected addition and resource to the Company. Through these positions Mr. Matic has been involved in an advisory capacity to over 40 initial public offerings (IPO) and other re-capitalisations and re-listings of ASX companies in the last 15 years. Announcement • Jul 09
Locafy Receives Non-Compliance Notice Regarding Nasdaq Minimum Bid Price Requirement Locafy Limited has received a deficiency notification letter (“Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company’s Ordinary Shares had closed below $1.00 per share for the previous 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of such notice, or until December 27, 2022, to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for the Company’s Ordinary Shares must close at $1.00 per share or more for a minimum of 10 consecutive business days. Announcement • Jun 15
Locafy Limited (NasdaqCM:LCFY) acquired 180 Degree Marketing. Locafy Limited (NasdaqCM:LCFY) acquired 180 Degree Marketing on June 14, 2022. Katey Battenally says, by joining Locafy team, I can focus on further growing the customer base and be confident that the Locafy team can operationally deliver solutions and results on a much larger scale than I could have as a local agency.
Locafy Limited (NasdaqCM:LCFY) completed the acquisition of 180 Degree Marketing on June 14, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Collin Visaggio was the last director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.