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wrkr Ltd (ASX:WRK)

ALERT: Price-sensitive ASX Announcement for WRK
Current share price for WRK : $0.073 -0.008 (-9.88%)+
Announcement
Release
22 Jul 2026 3:48PM
Price at Release
$0.081
Full Release
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Summary
Wrkr Ltd announced a capital raising initiative consisting of a $10 million placement and a $2 million Share Purchase Plan (SPP). The placement involved issuing 133.3 million new shares at $0.075 each, representing a discount to the market price. The funds will support various strategic initiatives, including customer onboarding and product innovation. The SPP is open to eligible shareholders in Australia and New Zealand from 29 July to 12 August 2026, allowing them to purchase shares at the same price as the placement. The placement was well-supported by existing shareholders, and the CEO emphasized the positive impact on the company's balance sheet and growth strategy.
Key Points
  • Successful completion of $10 million placement by Wrkr Ltd.
  • Placement issued 133.3 million new shares at $0.075 per share.
  • Placement price was at a discount to market prices.
  • Wrkr to raise an additional $2.0 million through SPP.
  • SPP open to eligible shareholders in Australia and New Zealand.
  • SPP shares issued at the same price as Placement shares.
  • SPP offer period from 29 July 2026 to 12 August 2026.
  • SPP is not underwritten, may raise less than $2 million.
  • Wrkr's strategic use of funds includes customer onboarding and payroll integrations.
  • CEO comments on strengthened balance sheet and growth strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.