Total
0
Shares
  • 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.


Subscribe


DUB by the numbers
More From The Market Herald
Norwood Systems (ASX:NOR) - CEO, Paul Ostergaard - The Market Herald

" Norwood Systems (ASX:NOR) teams up with Amelia to re-invent telco voicemail

Norwood Systems (NOR) has entered an agreement with cognitive artificial intelligence company, Amelia, to re-invent telco voicemail services.
5G Networks (ASX:5GN) - Non Executive Director, Jason Ashton - The Market Herald

" 5G Networks (ASX:5GN) purchases Brisbane data centre for $1.1M

5G Networks (5GN) has purchased a data centre, Pipe Networks, in Brisbane for $1.1 million.
Uniti Group (ASX:UWL) - Managing Director & CEO, Michael Simmons - The Market Herald

" Uniti Group (ASX:UWL) to snap up Harbour ISP for $9M

Uniti Group (UWL) is set to snap up full control of internet service provider Harbour ISP in a deal worth over $9 million.
Crowd Media Holding (ASX:CM8) - CEO, Domenic Carosa - The Market Herald

" Crowd Media (ASX:CM8) raises $4M for growth and debt reduction

Global influencer marketing company Crowd Media (CM8) has raised $4 million to accelerate growth and pay down its debt.