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Wrkr Ltd ( (AU:WRK) ) just unveiled an announcement.
Wrkr Ltd has successfully raised A$15 million through a placement of new shares to institutional investors. The funds will be used to expand workforce capacity, implement cloud payroll changes, develop solutions for the decommissioning of the ATO Small Business Clearing House, and support potential acquisitions. This strategic move is expected to strengthen Wrkr’s market position and enhance its service offerings, reflecting investor confidence in its growth strategy.
More about Wrkr Ltd
Wrkr Ltd operates in the financial technology industry, focusing on providing compliance and payroll solutions. The company aims to enhance its services for superannuation funds and small businesses, particularly in response to regulatory changes such as Payday Super compliance.
Average Trading Volume: 1,058,533
Technical Sentiment Signal: Buy
Current Market Cap: A$156.8M
For detailed information about WRK stock, go to TipRanks’ Stock Analysis page.