Latest Being AI (NZX:BAI) News

Small-cap shares delivered the week’s biggest moves, led by Mamba’s exploration funding and Cettire’s rebound. Clinical failures, cash shortages and delayed projects kept the broader market cautious.

Defence, artificial intelligence and government contracts drove the week’s biggest technology share moves, while several smaller companies warned they may need more cash.
Micro-X, RMA Global and Stakk led the price rises, but refinancing pressure remained a major concern across the sector.

Being AI is preparing to transfer 57% of its issued shares to existing shareholders while moving a 14.4% stake to Excalibur Capital Partners. The transactions are due to complete on 12 October, when the company will also receive a new chair and board.