A Rare Kiwi Tech Story: Blackpearl Scales In The US With Landmark AI Acquisition Complete

Wellington, New Zealand -Blackpearl Group Limited (NZX: BPG) confirmed today that it has completed the acquisition of US-based AI sales automation company B2B Rocket Inc.

Announced on 14 July, the deal brings together B2B Rocket’s proven AI outreach engine with Blackpearl’s Pearl Diver, Bebop and Pearl Engine platforms - creating powerful cross-sell opportunities and strengthening Blackpearl’s ambitious push into the US SMB market.

Nick Lissette, Blackpearl Founder and CEO, believes the completion marks a pivotal moment, stating that “This brings proven AI outreach capability into the group and allows us to immediately go to work on integration with the Pearl Engine and our go-to-market strategy. This is a natural fit for our US SMB focus, adding real momentum to the multi-product growth path we’ve developed. We’re not just expanding - we’re accelerating.”

B2B Rocket has demonstrated exceptional growth, delivering ~144% ARR growth in the six months to 30 June 2025. On a pro forma basis, the addition of B2B Rocket lifts Blackpearl’s ARR to NZ$17.5m, with momentum firmly tracking toward the Group’s NZ$20m near-term target and putting its NZ$50m ambition in range. “This milestone reinforces Blackpearl’s ability to execute at pace and deliver on its strategic growth pathway,” adds Lissette.

The transaction includes an upfront payment of US$4m in cash and the issue of 1.725m BPG shares - with further performance-based consideration tied to growth milestones.

Accelerated Non-Renounceable Entitlement Offer (ANREO)

To partly fund the acquisition and accelerate integration, Blackpearl launched aNZ$15 million entitlement offer and placement at NZ$0.95 per share. Eligible shareholders are entitled to subscribe on a 1-for-7.70 basis under the entitlement offer, with an oversubscription facility available.

The retail component of the entitlement offer remains open until 5:00pm NZST, Monday 25 August 2025.

Following strong demand, which brought new Australian institutional investors onto the register and broadened the Group’s shareholder base, the institutional component of the entitlement offer and the placement have already secured over NZ$10 million in new capital.

ASX Foreign Exempt listing on track

Blackpearl has applied for quotation on the ASX as a Foreign Exempt Listing while remaining on the NZX as its home exchange. Quotation is expected in approximately three months’ time following a Tier 1 audit of B2B Rocket’s financial statements being completed. The listing will broaden Blackpearl’s investor reach and increase visibility with foreign institutional investors.

Integration of B2B Rocket underway

Integration planning has been underway since the acquisition was signed, with near-term priorities including product and data integration, customer migration and activation of cross-sell opportunities across the combined platform. Initial benefits from the acquisition are expected during FY26.

“With B2B Rocket now officially part of the Group, we’re excited to bring more customers, partners and investors on our journey. Our momentum is strong, our platform is scaling and the opportunity is significant with the scale of the US SMB market..

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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