Proceeds will be used to accelerate the company's growth trajectory, including ongoing rollout of product ecosystem, and strengthening of it’s balance sheet.
In addition, the company intends to undertake a Share Purchase Plan for existing retail shareholders with a cap of $1.5 million.
The announcement effectively lifts the trading halt the company requested on Tuesday.
Shares in Wizr (ASX:WZR) are trading 6.4 per cent lower at 22 cents.