Dubber (ASX:DUB) launched a fully underwritten AU$25 million equity raise, with proceeds to fund working capital, reduce tax liabilities, and support the recovery of previously misaligned funds and costs of the offer, according to a Friday filing with the Australian bourse.
The equity raise includes a AU$3.6 million institutional placement, a AU$7.5 million conditional placement, and a 1-for-1 pro-rata accelerated AU$13.9 million entitlement offer, the filing stated.
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