• Completed A$15 million placement of 166.7 million new shares
• Funds to be used for workforce expansion, cloud payroll solutions, and potential acquisitions
• Offer price represents a 6.3% discount to last close

Wrkr Ltd (ASX:WRK) has announced the successful completion of a A$15 million placement of approximately 166.7 million new fully paid ordinary shares to institutional, professional and sophisticated investors. The new shares were issued at an offer price of $0.09 per share, representing a 6.3% discount to the last close of $0.096 on 6 August 2025. The funds raised from the placement will be used predominantly to increase workforce capacity to onboard the MUFG Retirement Solutions remaining Super Funds seeking Payday Super compliance by 1 July 2026, fund the implementation of Cloud Payrolls seeking supplier changes to meet the new requirements of Payday Super and manage costs of increased transaction volumes, develop Wrkr's solution, sales and support capability to serve current users of the ATO Small Business Clearing House, fund the integration costs of a potential 'bolt on' acquisition that provides value accretive compliance moments or alternatively accelerate the internal development of this capability, support working capital, and cover the costs associated with the placement offer. Wrkr's CEO, Trent Lund, commented that the strong support and interest throughout the process highlights the continued confidence in Wrkr's growth strategy and vision.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.

The company has not provided any forward-looking outlook statements.