Dubber has reportedly initiated a $24 million emergency cash call to address missing funds, comprising a $3.1 million placement and a $20.9 million rights issue at a 77.3% discount, priced at 5 cents per share.

The move comes amid the recent firing of the company's CEO, Steve McGovern, amid an Australian Securities and Investments Commission probe into the disappearance of $30 million.

Thorney Technologies, holding 19.9% of Dubber, extended a $5 million secured loan.

Dubber, valued at $92 million, projects $45 million in revenue and $65 million in costs, excluding specific items, for FY24.