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Taken from a post on HC by wellingtongal.
The company's placement presentation also stated $3m would go to paying off costs associated with the offer, and $2.1m would go to staffing to support scaling and productivity.
The closed pool of talent created by Covid-19 border closures continued to plague recruitment, Herbison said.
Commenting on the capital raise, Plexure chair Phil Norman said he was delighted the company had been able to close the placement quickly and that it had received strong support from Australian and New Zealand institutional, sophisticated and professional investors.
Allotment of new shares under the share purchase plan will occur on November 27.