LiveHire's strategic financial move

LiveHire (ASX:LVH) has unveiled a non-underwritten, non-renounceable entitlement offer intending to raise approximately $3.54 million. This initiative involves a 1 for 4.2 pro-rata entitlement offer priced at $0.039 per new share. The raised capital will address interim transaction costs tied to Humanforce's recent takeover bid, entitlement offer expenses, administration, working capital, and the repayment of the Lighter Capital Loan Facility.

LiveHire's financial strategy and outlook

LiveHire is set to increase its total shares by approximately 23.81% to about 472.5 million shares through this entitlement offer. The primary objectives are to fund transaction costs relating to the Humanforce takeover, support general business operations, and settle existing financial obligations. This offer reflects LiveHire's commitment to strategic financial management, positioning itself for sustained growth and operational stability. Eligible shareholders in Australia and New Zealand are invited to participate, with detailed timelines and procedures provided. The company's broader aim is to enhance its recruitment platform's efficiency and maintain robust financial health.

Executive insights on entitlement offer

The funds raised through this offer will enable us to manage interim transaction costs, cover administrative expenses, and repay our current loan facility, keeping us on track with our strategic goals.