Black Pearl Group Limited (BPG) has successfully closed a capital raise, raising approximately NZ$2.2 million.
The round was contributed to by existing shareholders, new accredited investors in the United States and wholesale investors in New Zealand.
The funds will be used to accelerate the growth of BPG’s new service, Pearl Diver.
Additionally, BPG has negotiated, subject to shareholder approval, the conversion of Crown BP Holdings LLC loan into equity at a 50% premium.
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