(Reuters) – Nuix Ltd stated on Thursday that Australia’s corporate regulator would not take further action against Nuix Ltd. The company is backed Macquarie Group Ltd (OTC:) Ltd) over its prospectus forecasts submitted before the 2020 listing.

Nuix stated that the Australian Securities and Investments Commission will not stop its investigations into public disclosures by the company after it has been listed.

ASIC replied to Reuters by email. It confirmed the Nuix announcement but did not respond further.

ASIC believed Nuix was lying about its prospectus in advance of the A$953million ($684 Million) initial public offer, according to a Reuters Report last June citing court papers.

A half-yearly loss of over 50% was posted by the company two months later. Nuix shares fell by half last year from their IPO price at A$5.31 a piece.

Nuix announced that the regulator had concluded its investigation into pre-IPO financial statements of the company and prospectus.

Macquarie (which owns 30% in Nuix) has expressed regret at the effects of forecasts on shareholders. It also stated it did not have any reason to believe that the company would be able to meet those expectations.

Macquarie didn’t immediately reply to our request for comment.

Nuix shares were up 11.6% at A$1.685 during early trading against 0.5% gains in the wider Australian market.

($1 = 1.3931 Australian dollars)