Blackpearl Group seeks $10m to help win higher-value customers

Blackpearl Group founder and CEO Nick Lissette admits he’s done a bad job communicating to NZ investors what the company does. (Image: Blackpearl Group)

Ben Moore

Fri, 04 Oct 2024

New Zealand Exchange-listed Blackpearl Group has launched a $10 million capital raising to fund further expansion into the US.The raise followed the company reaching $10m in annual recurring revenue as of Sept 30, which it described as a key milestone in its growth strategy.Some $8m of the raise is through a non-underwritten share placement. The remaining $2m is via a share purchase plan offer to existing NZ shareholders, who have been invited to apply for up to $50,000 of new shares free of any brokerage, commission or transaction costs.The co...

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