Bigtincan Holdings Ltd (AU:BTH) has released an update.
Bigtincan Holdings Limited has announced that it received a non-binding proposal from Investcorp India Acquisition Corp for a business combination that, if completed, would see Bigtincan delisted from the ASX and listed on the NASDAQ. The deal values Bigtincan at an implied equity value of approximately US$275 million, with shareholders having the option for a partial cash payout or equity in the new entity. The Board is evaluating this proposal alongside another from Vector Capital Management, with no immediate action required from shareholders.
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