LiveHire's new capital raising initiative

LiveHire (ASX:LVH) has launched a 1 for 4.2 pro rata non-renounceable entitlement offer. This initiative aims to raise approximately $3.54 million before costs. The offer opens on November 5, 2024, and closes on November 14, 2024, targeting eligible shareholders in Australia and New Zealand.

Overview and future outlook of LiveHire's entitlement offer

LiveHire is set to raise approximately $3.54 million through a 1 for 4.2 pro rata non-renounceable entitlement offer. The offer is open to shareholders with registered addresses in Australia and New Zealand, allowing them to purchase new shares at $0.039 each. This capital raising effort is aligned with LiveHire's strategic goals to bolster its recruitment, talent mobility, and direct sourcing platform. The funds will support the company's ongoing development and operational activities. The appointment of MA Moelis Australia Securities Pty Ltd as a nominee ensures that ineligible shareholders' entitlements are managed effectively, with proceeds from any sales returned to them. LiveHire's focus remains on improving recruitment processes and candidate experiences as it continues to expand its influence in the global market.

Executive commentary on entitlement offer

The proceeds from the entitlement offer will be used to further our strategic initiatives and strengthen our financial position as we continue to enhance our platform and services.