SEC Comment Letter 0000000000-24-002787 to Locafy Ltd (LCFY, LCFYW) (CIK 0001875547) (LCFY)
Locafy Ltd (LCFY, LCFYW) (CIK 0001875547)
Date: March 14, 2024 · CIK: 0001875547 · Accession: 0000000000-24-002787
AI Filing Summary & Sentiment
File numbers found in text: 001-41333
Letter
United States securities and exchange commission logo March 14, 2024 Melvin Tan CFO Locafy Ltd 246A Churchill Avenue Subiaco WA 6008, Australia Re:Locafy Ltd Form 20-F for the Fiscal Year Ended June 30, 2023 Filed October 11, 2023 File No. 001-41333 Dear Melvin Tan: We have reviewed your filing and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 20-F for the Fiscal Period Ended June 30, 2023 B. Liquidity and Capital Resources, page 41 1.Please disclose at the forefront of your liquidity section that there is substantial doubt about your ability to continue as a going concern. Also, disclose that you are in default on your ASX convertible notes as noted on page F-28. Provide us with your proposed future disclosure. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameMelvin Tan Comapany NameLocafy Ltd March 14, 2024 Page 2 FirstName LastName Melvin Tan Locafy Ltd March 14, 2024 Page 2
Please contact Inessa Kessman at 202-551-3371 or Robert Littlepage at 202-551-3361 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
March 14, 2024
Melvin Tan
CFO
Locafy Ltd
246A Churchill Avenue
Subiaco WA 6008, Australia
Re:Locafy Ltd
Form 20-F for the Fiscal Year Ended June 30, 2023
Filed October 11, 2023
File No. 001-41333
Dear Melvin Tan:
We have reviewed your filing and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 20-F for the Fiscal Period Ended June 30, 2023
B. Liquidity and Capital Resources, page 41
1.Please disclose at the forefront of your liquidity section that there is substantial doubt
about your ability to continue as a going concern. Also, disclose that you are in default on
your ASX convertible notes as noted on page F-28. Provide us with your proposed future
disclosure.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameMelvin Tan
Comapany NameLocafy Ltd
March 14, 2024 Page 2
FirstName LastName
Melvin Tan
Locafy Ltd
March 14, 2024
Page 2
Please contact Inessa Kessman at 202-551-3371 or Robert Littlepage at 202-551-3361 if
you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Technology