Bigtincan Holdings shares transaction update

Bigtincan Holdings (ASX:BTH) has received an update from Investcorp Al Acquisition Corp regarding their proposed transaction. The proposed deal involves a scheme implementation deed and a business combination agreement. IAAC has suggested the possibility of a USD $15 million cash election facility, although this remains uncertain.

Overview and future outlook of Bigtincan's transaction

Bigtincan Holdings has shared an update regarding its proposed transaction with Investcorp Al Acquisition Corp. The announcement highlights an unchanged proposed consideration but includes updates based on recent exchange rate changes, leading to a slight increase in share valuation. A potential USD $15 million cash election facility is under consideration, offering shareholders an option for cash payments. The company is also contemplating amending the scheme implementation deed to prioritize the first 10,000 shares for cash consideration, up from 5,000 shares. Shareholders are currently not required to take any action, and Bigtincan will announce further details if the cash facility is activated.

Executive insights on IAAC transaction update

There are no changes to the proposed consideration under the IAAC transaction, but updated consideration conversions are provided based on the AUD/USD exchange rate as of November 18, 2024. The valuation of Bigtincan shares under the SID has increased slightly from AUD $0.48 to AUD $0.50 per share. For shareholders who choose cash consideration for their scheme shares, the rate has increased from AUD $0.241 to AUD $0.25 per share.