Connecting Excellence Secures £600k Funding Boost Ahead of Double-Sized Acquisition

Connecting Excellence Group Plc (AQSE:XCE, OTCQB:XCELF) has secured £600,000 in funding at 1.5p per share, a 3.4% premium to its previous night's closing price.

The funds will support the company's Bitcoin treasury, acquisition pipeline, and recruitment of revenue-generating recruiters.

CEO Scott Ellam stated that the funding should enable XCE to double in size with an upcoming acquisition, which targets a profitable construction-focused recruitment business holding 8.216 Bitcoin in reserve.

XCE has outlined its wider acquisition strategy, focusing on owner-managed recruitment businesses with around 500-1,000 potential targets in the UK and 10,000 globally.