• Airtasker raises $10 million in equity capital placement
• Placement cornerstoned by iHeartMedia, America's no.1 audio media company
• Funds to accelerate Airtasker's expansion in the US and UK markets

Airtasker Limited (ASX:ART) has announced that it has received binding commitments for a $10.0 million equity capital placement (Placement) which was cornerstoned by iHeartMedia, Inc. (NASDAQ:IHRT), America's no.1 audio media company with over 276 million monthly listeners. Airtasker received strong demand for the Placement including ongoing participation from Exto Partners, the Company's largest shareholder, iHeartMedia and an allocation to both existing and new institutional and sophisticated investors. The $10.0 million raised will be used to fund a disciplined program of targeted marketing investments in the US and UK, to provide Airtasker with additional balance sheet flexibility to invest alongside media partners in Airtasker's US and UK subsidiaries and/or to settle media partnership agreements. iHeartMedia's investment in the Placement further expands on the initial US$5.0 million strategic partnership with Airtasker USA Inc announced in August 2024, through which iHeartMedia provides Airtasker USA with access to significant media and advertising resources to accelerate Airtasker USA's expansion. Airtasker USA has also entered into an agreement today to expand the strategic partnership with iHeartMedia, providing Airtasker with an additional US$5.0 million in media and advertising resources to accelerate growth in the US.

Airtasker CEO Tim Fung said: 'We've already seen incredible growth in both the US and UK markets which hit a combined more than $28 million in GMV ARR in June 2025 and this additional investment will enable us to further accelerate from here.'