Locafy Ltd. (LCFY) has released an update.
Locafy Limited, an Australian company, has filed a Prospectus Supplement for the sale of shares through an ‘at-the-market’ (ATM) agreement with a set ‘Maximum Amount’ as defined in the agreement. This filing, made pursuant to Rule 424(b)(5) under the U.S. Securities Act, outlines the terms for the periodic sale of shares up to $1,549,173. Legal advisers have reviewed relevant documents and are of the opinion that the shares, when issued and paid for according to the agreement, will be validly issued, fully paid, and exempt shareholders from personal liability.
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