Blackpearl Group has completed an oversubscribed placement with support from Australian institutional investors, laying the groundwork for its upcoming dual listing on the Australian Securities Exchange (ASX).
The placement was anchored by Australian institutions including Wilson Asset Management, Ellerston Capital, Bell Potter and Cerutty Macro Fund. This participation signifies Australian investor confidence in Blackpearl Group's trajectory, while New Zealand support continues from Craigs Investment Partners, JBWere and other longstanding shareholders.
Blackpearl Group is currently listed on the NZX and anticipates completing its ASX foreign-exempt listing next month. The dual listing is intended to enhance the company's access to international capital markets and increase its visibility among global investors.
Investor confidence
Strong investor demand reflects our ability to attract world-class backers while executing a clear plan for global scale. Bringing in Australian cornerstone investors alongside continued New Zealand support provides the diversity and depth of backing we need to drive our next phase of growth. As we move toward our ASX listing, our focus is on creating greater liquidity, expanding institutional participation, and delivering stronger outcomes for shareholders.
The success of the placement underscores trans-Tasman confidence in Blackpearl's global growth strategy. A total of approximately NZD $15.1 million (AUD $13.7 million) was raised at NZD $0.95 per share under the capital raising programme.
Acquisition settlement
Funds from the placement have enabled Blackpearl Group to settle the acquisition of B2B Rocket, a United States-based company. The acquisition has contributed to an acceleration of the company's annual recurring revenue, lifting it to over USD $17.5 million.
Completing the acquisition of B2B Rocket positions us strongly for our next phase of growth. With our four growth drivers scaling in parallel, Blackpearl is on track to surpass $20M ARR with clear visibility toward $50M+.
The settlement of B2B Rocket is intended to strengthen Blackpearl's presence in the business-to-business technology sector, supporting future recurring revenue streams and the company's strategy for scaling internationally.
Technology platform
A significant aspect of Blackpearl's operations centres on its Pearl Engine, a private data platform powered by an augmented large language model. The company has invested over USD $25 million in developing the Pearl Engine, which now processes in excess of 21 billion signals per day-an increase of 200 percent compared to the previous year.
This platform underpins several Blackpearl products, including Pearl Diver, which accounted for over USD $10 million in annual recurring revenue within 28 months, and Bebop, which reached USD $1 million in annual recurring revenue within 45 days of launch. According to the company, the quality of artificial intelligence-driven data supports the continuous enrichment of its core dataset.
Blackpearl's platform has been purpose-built to capture the AI opportunity we saw coming a decade ago.
ASX listing plans
Completion of the placement brings Blackpearl Group closer to establishing its foreign-exempt listing on the ASX in November. The dual listing is expected to broaden the company's investor base, boost trading liquidity and enable greater participation from institutional investors in both Australia and New Zealand.
The strategic focus remains on global expansion through product development, leveraging data and artificial intelligence for sales and marketing solutions particularly aimed at small- to medium-sized businesses.
Blackpearl Group is headquartered in Wellington, New Zealand, and Phoenix, Arizona. Its cross-market approach is designed to support further growth in North America and internationally in the coming financial periods.
