Dubber Corporation Limited successfully completed its institutional entitlement offer and placement, raising approximately $7.66 million through the issuance of over 153 million new shares, with funds intended for working capital, creditor payments, financial investigation costs, loan repayment, and offer costs.
The company anticipates the resumption of trading of its shares on the ASX around 17 April 2024, following the settlement and issue of new shares, subject to ASX's discretion and reinstatement conditions.
ASX Code: DUB