Dubber Corporation Limited (AU:DUB) has released an update.
Dubber Corporation Limited has announced the successful completion of a significant equity raising through both a Placement and Institutional Entitlement Offer, securing $11.1 million and $3.3 million respectively, with an additional Retail Entitlement Offer expected to raise around $10.6 million. The funds are intended for working capital, sales growth, tax liabilities, and recovery of misappropriated funds. The company’s shares were offered at a substantial discount, and the Equity Raising received robust support from institutional investors and the new CEO.
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