Airtasker Limited announced a private placement of 14,534,883 shares at an issue price of AUD 0.43 per share for gross proceeds of AUD 6,249,999.69 on May 5, 2022. The transaction will include participation from institutional and sophisticated investors. The transaction is subject to shareholder approval at an extraordinary general meeting of shareholders expected to be held in late June 2022. On the same date, the company has issued 8,216,035 shares for gross proceeds of AUD 3,532,895.05 to company's directors in its first tranche. The rest shares are expected to be issued on May 11, 2022 with allotment to occur on May 12, 2022.