Bigtincan Holdings Ltd (AU:BTH) has released an update.
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Bigtincan Holdings Limited is set to raise approximately $20.5 million through a fully underwritten 1 for 3 non-renounceable entitlement offer at $0.10 per new share to fund investments in AI technology and data infrastructure. The institutional component of the offer has been successfully completed, while the retail offer is available only to eligible shareholders in Australia and New Zealand, excluding those in the U.S. or acting on behalf of U.S. persons.
For further insights into AU:BTH stock, check out TipRanks’ Stock Analysis page.