Blackpearl Group has announced the successful completion of its institutional placement and the institutional component of its entitlement offer, raising approximately $10.3 million in total gross proceeds.
The offer, which was well supported by existing and new institutional shareholders, closed on August 13, 2025.
Blackpearl Group said it was particularly pleased to welcome several new Australian-based institutional investors.
The company's shares will resume normal trading today on an ex-entitlement basis, with the offer shares set to be allotted on August 19 and trading of the new shares commencing on the same day.
Eligible retail shareholders are now invited to participate in the retail component of the entitlement offer, which will open on August 18 and close on August 25.
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