Business Context and Reporting Period
This Form 6-K filing by Locafy Ltd covers the month of July 2023, with the report dated July 5, 2023. The company is a foreign private issuer based in Subiaco, Western Australia, reporting on a specific capital raising event rather than a full financial period.
Key Financial Metrics
The filing details a secondary equity offering under an At The Market (ATM) Sales Agreement entered into on May 18, 2023, with H.C. Wainwright & Co., LLC.
- Shares Sold: Approximately 245,010 ordinary shares in June 2023.
- Gross Proceeds: Approximately $2.2 million.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these operational or balance sheet metrics.
Material Changes
The primary material change reported is the execution of share sales under the ATM program in June 2023, resulting in the aforementioned gross proceeds. No other material changes to operations or financial position are detailed in this specific report.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard incorporation by reference into the Company's Registration Statement on Form F-3. The document serves primarily to disclose the completion of the share sale transaction.
Investor Verification Checklist
- Verify the net proceeds after deducting underwriting commissions and offering expenses from the $2.2 million gross proceeds.
- Confirm the total number of shares outstanding post-issuance to assess dilution impact.
- Review the full Form F-3 (File No. 333-272066) for detailed use of proceeds and risk factors incorporated by reference.
- Check subsequent filings for any additional sales under the ATM agreement.