Being AI back to trading and explains consultancy sale

Being AI CEO David McDonald is buying back Being Consultants for the price of cancelling its rights to just under $38 million worth of “earn-in” shares. (Image: Being AI)

Ben Moore

Thu, 05 Dec 2024

Being AI’s trading halt has been lifted with the sale of Being Consultants confirmed.The company went into a trading halt on Monday, Dec 2, after the announcement of the return of the subsidiary company to Being AI chief executive David McDonald.This prompted the New Zealand Exchange (NZX) regulator, NZ RegCo, to issue the halt pending clarification of details of the sale. After this trading halt, Being AI also requested a trading halt because a party associated with McDonald made a legal challenge to the sale, “which challenge...

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