Dubber (ASX:DUB) set to raise $110 mil

Company News

by Lauren Evans

Global call recording software Dubber Corporation (ASX: DUB), received firm commitments for a two-tranche placement, issuing shares to institutional investors at $2.95 per share in Australia and overseas, to raise approximately $110 million.

Tranche 1 includes 33,086,809 shares expected to settle on 30 Jul 2021. Tranche 2 includes 4,201,327 shares subject to a general meeting scheduled on 2 Sep 2021.

Dubber aims to unlock voice data through a unified call recording service and voice intelligence cloud.

Dubbers CEO Steve McGovern said, “we would like to thank our shareholders and partners for their strong support of the company as we execute our vision of becoming the world’s de facto provider of voice data services." 

Shares in Dubber Corporation (ASX:DUB) are trading 2.8 per cent lower at $3.11. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.