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Locafy Agrees To Acquire Assets And Customer Base Of Map Labs For Total Potential Cash Consideration Of Up To $3M; Deal Expected To Add ~$2M In ARR And ~$900K In EBIT

Oct 6, 2026, 12:02 PMBenzinga Newsdesk

Locafy Limited (NASDAQ:LCFY, LCFYW)) ("Locafy" or the "Company"), a global SaaS technology company specializing in location-based Search Engine Optimization (SEO) and Answer Engine Optimization (AEO),

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Source: benzinga
Observed: Oct 6, 2026, 12:02 PM
Checked: Oct 6, 2026, 12:02 PM
Cadence: Captured once, then retained as an archive reference
Status: fresh

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BenzingaOct 14, 2026, 4:04 PMBenzinga News-desk
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BenzingaOct 6, 2026, 2:52 PMBenzinga Newsdesk
Locafy shares are trading lower. The company announced a definitive agreement to acquire the assets and customer base of Map Labs for cash consideration of up to $3 million.
LCFY

Locafy Agrees To Acquire Assets And Customer Base Of Map Labs For Total Potential Cash Consideration Of Up To $3M; Deal Expected To Add ~$2M In ARR And ~$900K In EBIT

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Shares of software companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations of more Fed tightening at a quicker pace. Costlier borrowing may weaken sentiment for the sector's strong H2 2026 rally.

Shares of software companies are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026.

Locafy shares are trading lower. The company announced a definitive agreement to acquire the assets and customer base of Map Labs for cash consideration of up to $3 million.