BLACK PEARL GROUP LIMITED
ASX:BPGSoftware & ServicesToday’s holders own 97.8% of what they think they own, once every option and right converts.
Runway under 2 quarters; 1 cash raise in 24 months; 0% of shares in the money
BLACK PEARL GROUP LIMITED's ordinary share count rose 3.6% between December 2025 and October 2026, its latest share-count filing, to 98M shares. The company raised capital once in that period, a A$10.2M placement in November 2025, for total proceeds of A$10.2M. Options and rights on issue could convert into 2M new shares, equal to 2.3% of the current share count, with none currently in the money; the nearest expiry falls in May 2028. The company's most recent cash report is a half-year/annual statement rather than a quarterly filing, and no funding-runway figure is derived from it. No proposed securities issues are pending.
Quick answers · 3
When did BPG last raise capital?
The last capital raise in Black Pearl Group's filings is Placement of $10.2M announced 21 Nov 2025, one of 1 cash raises in 24 months.
When do BPG's options expire?
Unexercised options and rights equal 2.3% of Black Pearl Group's shares on issue; the nearest expiry is May 2028.
How much has BPG's share count grown?
Black Pearl Group has 98.3M shares on issue as at 28 Oct 2026, up 3.6% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 9 Oct 2026 | 2A · quoted issue | BPG : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 98.3M | Appendix 2A |
| 15 Sept 2026 | 2A · quoted issue | BPG : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 98.3M | Appendix 2A |
| 11 Sept 2026 | 2A · quoted issue | BPG : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 98.2M | Appendix 2A |
| 9 Sept 2026 | 2A · quoted issue | BPG : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 98.2M | Appendix 2A |
| 24 Aug 2026 | 2A · quoted issue | BPG : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 98.2M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered320k · 0.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered1.9M · 1.9% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 320k priced (of which 320k in the money), 1.9M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.14 today, 320k securities are in the money (0.3% of shares on issue) — a floor, because an exercise price is on record for only 14.4% of this supply. No price up to ten times today’s switches on any more priced supply.
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 1.9M (85.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BPGAE | Warrants | Price-triggered | $0.010 | 24 May 2028 | 320k | Filing |
| BPGAD | Rights | Condition-triggered | — | — | 768k | Filing |
| BPGAC | — | Condition-triggered | — | — | 1.1M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.