Dubber Corporation's Pro-Rata Entitlement Offer

Dubber Corporation Limited (ASX: $DUB) has announced a pro-rata accelerated non-renounceable entitlement offer of 1 New Share for every 1 Share held by Eligible Shareholders at an offer price of $0.05 per New Share. The company aims to raise approximately $20.92 million through this offer. Additionally, Dubber Corporation is conducting a placement to seek to raise approximately $3.14 million. The offers are fully underwritten by Morgans Corporate Limited, and Unified Capital Partners Pty Ltd are the joint lead managers for the offers. The company will hold an extraordinary general meeting in June 2024 to seek shareholder approval for the issue of shares to Peter Pawlowitsch under the Remuneration Shares Offer and, if required, the issue of Offset Shares under the Thorney Offset Shares Offer. The prospectus is available electronically on the investor portal and paper copies can be obtained free of charge during the offer period. The company has requested the ASX to lift the suspension of trading in its shares upon the allotment and issue of New Shares under the Institutional Entitlement Offer and Placement, expected to occur on or around Wednesday, 17 April 2024.

Executive Commentary on Dubber Corporation's Offer

The company's announcement reflects our commitment to strengthening our financial position and pursuing strategic growth opportunities. The underwriting support from Morgans Corporate Limited and Unified Capital Partners Pty Ltd provides confidence in the success of the offers. We urge potential investors to carefully consider the associated risks outlined in the prospectus. The upcoming extraordinary general meeting underscores our dedication to transparent governance and shareholder involvement in key decisions.

Outlook and Corporate Strategy

Dubber Corporation's proactive approach to raising capital demonstrates its determination to fortify its financial standing and pursue growth initiatives. The company's ambitions include leveraging the funds raised to enhance market penetration, reduce operating costs, and drive towards profitability. The underwriting agreement and joint lead managers' support signify external confidence in the company's prospects. However, potential investors should be mindful of the speculative nature of the offers and carefully assess the associated risks outlined in the prospectus. Dubber Corporation's focus on shareholder approval and governance transparency reflects its commitment to responsible corporate practices and stakeholder engagement.