Shaw and Partners is pleased to be appointed as Lead Manager to the capital raising by Dubber Corporation Limited (ASX: DUB)

The company is undertaking an unconditional placement of approximately 27.3 million new ordinary fully paid shares at $1.10 per security to raise $30.0 million with the ability to take oversubscriptions capped at $34.0 million.

In addition, Dubber will offer all existing eligible shareholders (being those on the register at 7.00pm AEDT on the trading day before the Offer is announced to ASX) the opportunity to subscribe for new shares up to a maximum of A$30,000 per shareholder under a Share Purchase Plan (“SPP”). The SPP will be capped at $6.0 million, subject to change at the discretion of the Company.

New shares issued under the Offer and the SPP will rank pari passu with existing shares.

The offer price represents a 12.0% discount to last close of $1.250 and a 2.5% discount to 5-day VWAP of $1.129.

Dubber will utilise the proceeds of the offer to support the increased sales pipeline and activity in overseas regions; increase R&D activity to meet customer demand for AI applications and enhance balance sheet flexibility for potential strategic acquisitions.

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

For more information please contact your Shaw and Partners Adviser.

About Dubber Corporation

Dubber Corporation Limited (“Dubber”, “DUB” or “the Company”) (ASX: DUB) is globally recognised as the Cloud Call Recording and Data Capture platform for Communications Service and Solution Providers and as integral to their Unified Communications offering. Dubber's unique technology enables call recording to be delivered as a service and turns voice calls into data enabling broad-reaching AI services to be deployed at scale directly from a Carrier network – or from inside a Solution Providers infrastructure. Dubber services are presented either in the brand of the Carrier or as Dubber products. Founded in 2011, Dubber is headquartered in Melbourne, Australia, with operations in the USA and Europe.