Black Pearl Group has successfully completed its placement of fully paid ordinary shares, raising approximately A$10.2 million (NZ$11.7m) in gross proceeds.
The offer, which was announced on Nov 13, 2025, closed on Nov 14, 2025.
It received strong support from both existing and new institutional shareholders, as well as clients of retail broker firms.
The company expressed particular satisfaction in welcoming several new Australian-based institutional investors, which was a key objective of the offer.
Black Pearl Group's shares will resume normal trading today, and the offer shares are set to be allotted on Nov 21, 2025.
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