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- Call recording software company Dubber Corporation (DUB) has raised $35 million to strengthen its balance sheet
- Under the placement, the company issued 31.8 million shares at $1.10 each
- Additionally, Dubber is aiming to raise a further $6 million through a share purchase plan (SPP)
- Under the SPP, eligible shareholders will be able to purchase up to $30,000 worth of new shares for the same price as the placement
- On the market this afternoon, Dubber is down 4.80 per cent and is trading for $1.19 per share
Call recording software company Dubber Corporation (DUB) has raised $35 million to strengthen its balance sheet.
Under the placement, the company issued 31.8 million shares at $1.10 per share to investors. Settlement of the placement is expected to occur on Thursday (October 23).
Additionally, Dubber is aiming to raise a further $6 million through a share purchase plan (SPP). Under the SPP, eligible shareholders will be able to purchase up to $30,000 worth of new shares for the same price as the placement.
Funds from the raise will be used to accelerate Dubber’s growth, product development, pursuit of strategic merger and acquisition opportunities and general working capital.
“Dubber has a leadership position globally as the unified call recording platform of choice for service and unified communications solutions providers,” CEO Steve McGovern said.
“Unified Call Recording is crucial to Enterprises meeting compliance requirements, boosting sales and CX performance; and, unlocking the potential in voice data. Dubber is the only solution capable of doing this globally, from within the network, eliminating the needs for complex hardware, software and services,” Steve added.
Last month, the company moved its call recording service from an early adopter program to general availability for Telstra customers.
On the market this afternoon, Dubber is down 4.80 per cent and is trading for $1.19 per share at 12:52 pm AEDT.
