Black Pearl Group Limited (NZX:BPG) has announced that its revenue growth continues, with annual recurring revenue surpassing NZ$5 million for the first time in October.
The company plans to provide quarterly updates on its revenue moving forward, with the first update scheduled for mid-January.
Additionally, Black Pearl has successfully completed its share purchase plan offer (SPP), raising approximately NZ$2.1 million.
The funds raised will be used to support the company's growth.
The new shares issued under the SPP will rank equally with existing ordinary shares and are expected to begin trading on the same day as settlement and allotment.
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