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.
For further insights into AU:BTH stock, check out TipRanks’ Stock Analysis page.