Blackpearl has announced the successful completion of its capital raising, with commitments to issue the remaining capacity from its $15 million offer.
The capital raising was oversubscribed and received backing from leading Australian institutional investors, expanding the company's international shareholder base.
Approximately $1.5m of new shares are expected to be allotted on Thursday, at a price of $0.95 per share.
This will bring the total gross proceeds raised under the offer to about $15.1m.
The company said the proceeds will be used for the settlement of the B2B Rocket Inc.
acquisition, progress towards an ASX listing, and further investment in its data and AI product suite for the US market.
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