AFR coverage on todays capital raise
"Human resources software company IntelliHR is raising $10 million to aid its international expansion.
The company, which operates a software-as-a-service model and targets small-and-medium-sized businesses, has appointed Petra Capital as the joint lead manager for the raise.
The offer is priced at 23¢ per share, representing a 20.7 per cent discount to its last close price.
Of the $10 million bring raised, $1 million will be applied to a share sell down.
The business counts the likes of Baby Bunting, Platinum Asset Management, and Fujitsu as customers.
In the 2021 financial year, it generated $4 million in annual recurring revenue, and had a 93 per cent jump in customers to 208. Subscribers leapt 158 per cent to almost 38,000.
Bids are due by 3pm on Wednesday"
AFR coverage on todays capital raise "Human resources software...
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