Blackpearl Group (NZX:BPG) has announced a private placement to raise up to NZ$2.2 million, with a maximum of 5,381,995 new fully paid ordinary shares available.
The Placement is limited to wholesale investors in New Zealand and accredited investors based in the United States of America, and is scheduled to close on Wednesday 31st of May, 2023.
The funds raised will be used to accelerate the growth of Blackpearl Group’s newest product, Pearl Diver, and support the company’s drive to profitability.
Shareholder approval to ratify the shares issued under the Placement will be sought at the 2023 annual shareholders’ meeting.
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