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Sequoia Confirms ASIC Lawsuit Against Subsidiary Impacted Share Price

3:41pm on Monday 24th of November, 2025 AEDT Financial Services
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Sequoia Confirms ASIC Lawsuit Against Subsidiary Impacted Share Price

3:41pm on Monday 24th of November, 2025 AEDT
Key Points
  • ASIC commenced civil penalty proceedings against InterPrac, a Sequoia subsidiary
  • Sequoia considers the proceedings material to its securities’ value
  • Formal notification received on 13 November 2025 triggered ASX disclosure
  • Sequoia requested a trading halt promptly after becoming aware
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