Animoca Brands was fined $50,000 by ASIC for failing to file financial results

Animoca Brands has been fined $50,000 by the Australian Securities and Investments Commission (ASIC) for failing to submit financial results for the 2019/2020 and 2020/2021 financial years. Animoca Brands, which listed on the Australian Stock Exchange in 2020, failed to file its annual financial statements for the 2019 to 2021 financial years with the Australian Securities and Investments Commission as required. Animoca Brands has issued a statement saying it is working with its legal counsel to resolve the matter and is working with its auditor to complete the financial report as quickly as possible to ensure shareholder protection.