Bigtincan receives non-binding proposal from Vector Capital

Bigtincan Holdings Limited (ASX:BTH) has received a revised non-binding proposal from Vector Capital Management, L.P. (Vector) at an offer price of $0.20 per share. The proposal, which is unconditional and does not have a financing contingency, is subject only to legal due diligence and entering into binding long form documents. The Board of Bigtincan will evaluate the revised proposal with input from external advisors before engaging with Vector. Shareholders are not required to take any action in relation to the non-binding proposal.

Executive Commentary on Non-binding Proposal

Having reviewed the publicly available FY2024 year-end financial results and now having identified lenders willing and able to provide Vector with the necessary debt financing, Vector has received investment committee approval to, and would be prepared to, consummate a take-private transaction for BTH at an increased price of A$0.20 per share. Our offer is unconditional, does not have a financing contingency and is subject only to legal due diligence and entering into binding long form documents.

Summary of Non-binding Proposal and Outlook

Bigtincan Holdings Limited has received a non-binding proposal from Vector Capital Management, L.P. at an offer price of $0.20 per share. The Board of Bigtincan will evaluate the revised proposal with input from external advisors before engaging with Vector. Shareholders are not required to take any action in relation to the non-binding proposal. There is no certainty any control transaction will eventuate, and Bigtincan remains committed to executing its strategic plan and maximizing shareholder value. The company advises that the above information is not intended to constitute financial advice or an offer to acquire or sell shares, and it does not warrant or represent that the information is free from errors, omissions, or misrepresentations. The company emphasizes that the information is for information purposes only and may not be suitable for specific needs, advising individuals to obtain independent advice.