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Dubber presses play on $24m emergency raise; 77pc discount

Dubber Corporation pulled the trigger on a $24 million cash call on Wednesday morning as it scrambled to plug the hole left by funds that went missing.

The cloud-based call recording software group has also sacked its chief executive, Steve McGovern, following an internal investigation.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/dubber-presses-play-on-24m-emergency-equity-raise-20240410-p5finq