Black Pearl Group announces A$10.2m capital raise

Black Pearl Group has announced a capital raising of up to A$10.2 million (NZ$11.8m) through a placement of new fully paid ordinary shares.

The offer will be made to institutional shareholders and new institutional investors.

The company said the proceeds from the capital raise will be used to support growth across all product ventures, fund further investment in the Pearl Engine, and provide additional working capital.

The offer will be undertaken at a fixed price of A$0.865 per share, representing a discount of 13.4% to the last close price on Nov 12, 2025.

Up to approximately 11.8m new shares may be issued under the offer.

Black Pearl Group said it continues to attract strong investor interest, particularly from Australian institutional investors, ahead of its proposed foreign exempt listing on the ASX.

The offer is not underwritten, and Bell Potter Securities is acting as the lead manager.

A trading halt has been granted by the NZX to facilitate the offer.