Blackpearl raises $13.7m in oversubscribed offers

Blackpearl has announced the completion of the retail component of its accelerated non-renounceable entitlement offer (ANREO).

The Retail Entitlement Offer, which closed on August 25, 2025, raised approximately $3.4 million in gross proceeds.

The offer received strong support from eligible retail shareholders, with a good take-up of entitlements, as well as additional new shares issued through the oversubscription facility and placement to investors.

In addition to the retail component, Blackpearl also successfully undertook a placement and institutional ANREO, raising about $10.3m.

This was also oversubscribed.

The total amount raised so far, including the placement, institutional ANREO, and retail entitlement offer, is approximately $13.7m.

The company said it is entitled to allocate the remaining offer capacity over the next three months and will provide an update to the market if it chooses to do so.

Allotment and settlement of the shares issued under the retail entitlement offer are expected on September 1, 2025, with trading to commence on the same date.

The new shares will rank equally with Blackpearl's existing ordinary shares.