SaaS play Dubber in $10m raise via Unified Capital Partners
Call recording and voice intelligence software company Dubber Corp is seeking to raise $10.25 million in a deal at 14¢ a share.
Call recording software biz Dubber has tapped Unified Capital Partners to help it secure fresh equity. John Woudstra
The raise was structured as a two-tranche institutional placement and priced at a 28.2 per cent discount to the last close.
Lead managers Unified Capital Partners were seeking buyers on Monday morning.
“Funds raised will be used for working capital and costs associated with the capital raising,” the term sheet sent to potential investors said.
Dubber last reported cash on hand of $32.9 million. It said it recorded $8.8 million in annualised recurring revenue in the fourth quarter of FY23 and expects full-year FY23 revenue of $30 million and a statutory net loss after tax of $68-71 million.
The company was last spotted raising $110 million at $2.95 a share in July 2021.
The brokers were calling for bids by 12 pm on Friday.
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