No reasons given for sudden Bremworth departures
The NZX-listed company announced late Friday afternoon that its chief operating officer Nicola Simpson and chief brand and product officer Rochelle Flint have both resigned and will leave the company
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Blackpearl Opens Retail Entitlement Offer As Australian Institutions Back ASX Pathway
Press Release – Blackpearl Group The institutional component of the accelerated non-renounceable entitlement offer (ANREO) and an institutional placement has already raised approximately $10.3m, bringing in Australian institutional investors ahead of Blackpearls planned ASX foreign-exempt … Blackpearl Group (NZX: BPG) has announced the opening of its retail entitlement offer at $0.95 per share, following a $10.3m institutional raise that brought Australian cornerstone investors onto its share register. The move comes as Blackpearl prepares to close its acquisition of US AI sales automation company B2B Rocket this week – a deal that will immediately lift ARR to $17.5m, with momentum swiftly tracking toward $20m and sights on a firm target of $50m. The institutional component of the accelerated non-renounceable entitlement offer (ANREO) and an institutional placement has already raised approximately $10.3m, bringing in Australian institutional investors ahead of Blackpearl's planned ASX foreign-exempt listing. 'Blackpearl isn't in the habit of standing still. Investor demand has been clear and with Australian cornerstone support in place and our ASX pathway progressing, we're opening the retail window for eligible shareholders today. This is a rare moment – a New Zealand AI company acquiring a cutting-edge high growth US technology business, backed by Australian institutions and preparing for an ASX quotation. The raise materially broadens our investor base and strengthens our platform to scale in the world's largest SMB market,' comments Blackpearl CEO Nick Lissette. The retail offer opened Monday 18 August, 9:00am NZST for eligible retail shareholders and closes at 5:00pm NZST on Monday 25 August. 'We're not inching forward, we're leaping. With B2B Rocket closing this week, we're in striking distance of $20m and so we're now focused on our $50m target. This is the growth story NZ tech needs right now. It's proof that Kiwi innovation can scale – and compete – anywhere and signals that NZ Tech belongs in the big leagues globally and has what it takes to deliver,' adds Lissette. Australian backing secured to fuel acquisition and expansion ahead of ASX listing Quotation on the ASX is targeted in ~3 months, pending the completion of a Tier 1 standard audit of B2B Rocket. 'Australian institutional backing gives us more than capital; it gives us confidence and credibility as we scale,' explains Lissette. Offer details Eligibility: Retail offer is open to eligible retail shareholders (refer to the Offer Document released on 12 August 2025 here) ). Key dates: Offer opens Monday 18 August 9:00am NZST; closes Monday 25 August 5:00pm NZST. Price: $0.95 per share. Oversubscription: Available to holders who take up full entitlement. Offer website: No trading/transfer of entitlements; no shortfall bookbuild. Funds raised will be used to partly fund the B2B Rocket acquisition; drive Bebop's growth at scale; integrate B2B Rocket and execute its go-to-market plan; enhance our Data Wholesale resources; and maintain a cash buffer for working capital. 'We're not just building a bigger business, we're building a bigger playing field. This particular combination of capital, capability and opportunity doesn't come around often and we intend to use it to take New Zealand AI global,' concludes Lissette. This announcement does not constitute financial advice. Investors should refer to the Offer Document and Investor Presentation released 12 August 2025. About Blackpearl Group Blackpearl Group (BPG) is a market leading data technology company that pioneers AI-driven sales and marketing solutions for the US market. Specifically engineered for small-medium sized businesses (SMEs), BPG consistently delivers exceptional value to its customers. Our mantra is simple: 'Better Growth Together'. When our customers win, we win. Founded in 2012, BPG is based in Wellington, New Zealand, and Phoenix, Arizona.
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Blackpearl Opens Retail Entitlement Offer As Australian Institutions Back ASX Pathway
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NZ Herald
7 days ago
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NZX50 lifts 0.5%, Metroglass cracks and Eroad climbs
'New Zealand dairy is still in demand, which is good and bad for them. It's an input cost for the consumer business, but generally good for farmers and their cooperative members.' Infratil continued its solid run since mid-June, gaining 1.77% to $7.67. The infrastructure investor traded at under $10 as recently as April. Takeovers, small caps Metro Performance Glass shares fell 20% to 4 cents after the glass supplier unveiled its plan to shore up its finances and secure new banking facilities. The company has agreed a deal with Amari Metals for the latter to take a 51% stake in the company following its proposed recapitalisation. The equity raise combines an $8.9m pro-rata rights offer with an additional placement to Amari Metals of up to $15m. Both tranches are priced at 3 cents per share (cps). Metroglass said an independent report by Grant Samuel concluded there were 'no viable alternatives'. Also on the takeover front, Vital's board urged investors to accept Tait Communication's takeover offer, warning the deal could collapse if the 90% minimum acceptance condition is not met before the mid-September deadline. In June, Tait Communications, a Christchurch-based critical communications systems provider, made a formal offer to purchase NZX-listed Vital for 45cps. On Friday, the board reiterated its unanimous recommendation, urging shareholders to accept 'without delay'. Vital shares fell 3.3% to 44c, having traded above the offer price towards the end of last week. Eroad continued its run from last week, rising 7.18% to $2.09 on Monday. The share price for telematics and fleet management rose to a three-year high after the Government announced it would transition the light vehicle fleet to road user charges. Earnings season Robertshawe noted that due to continuous disclosure requirements, companies had already confessed their sins in June and July. Subsequently, he said markets were unlikely to be too surprised by earnings reports. 'People will be looking for the quality of results. Are there abnormals? Are there provision releases? Are there one-off sale processes? That will be the key. 'And then obviously the reporting on trading since the balance date, and what does trading look like for the first half of the 2026 financial year? Vista Group, which reports its half-year results on Thursday, would be the most interesting stock to watch this week, he said. 'They hinted at a slight slowdown in uptake and migration to their new product, but it feels almost like they don't have the resources to go faster, as they've tried to hit free cash flow break-even. 'There could be an interesting announcement where they say they're going to push the company back into short-term cash flow deficits because they want to accelerate the growth to the new revenue model.' Vista traded flat at $3.50 on volumes worth nearly $1.5m.
