Dubber Corporation Launches A$25M Equity Raise

Dubber Corporation Limited (AU:DUB) has released an update.

Dubber Corporation Limited is set to bolster its financial position through a fully underwritten equity raising of A$25.0 million, aimed at accelerating sales momentum and enhancing market presence in conversation intelligence. The raise includes a combination of institutional placements and a 1 for 1 pro rata entitlement offer, with new shares issued at a significant discount. New CEO Matthew Bellizia shows his commitment by personally investing A$1.25 million in the capital raising initiative.

For further insights into AU:DUB stock, check out TipRanks’ Stock Analysis page.