New Zealand's Black Pearl Group rises on deal to buy US-based AI firm

Black Pearl

14/07/2025 01:23

** Shares of Black Pearl Group BPG.NZ rise nearly 8% to NZ$1.22, on track for best day since July 3 if current gains hold

** Data technology firm says it will buy B2B Rocket, a U.S.-based private AI sales automation firm

** Deal for $4 million in cash and 1.7 million BPG shares

** Co confirms it is preparing to file an application for a foreign exempt listing on the ASX

** More than 58,300 shares change hands, 1.2x the 30-day average of 48,166

** Stock up 6.1% YTD, including current session moves

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))