PERTH, Australia, March 24, 2023 (GLOBE NEWSWIRE) — Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or the “Company”), a globally recognized software-as-a-service technology company specializing in local search engine marketing, received a letter (the “Letter”) on March 21, 2023 from The Nasdaq Stock Market (“Nasdaq”) informing the Company that it failed to maintain the minimum stockholders’ equity required for continued listing (the “Stockholders’ Equity Requirement”) on Nasdaq under Nasdaq Listing Rule 5550(b)(1).
Based upon the reported stockholders’ equity of approximately $845,407 in the Company’s recent quarterly earnings report on Form 6-K for the period ended December 31, 2022, Locafy did not…
