Bigtincan's corporate and business update and capital raising details

Bigtincan Holdings Limited (ASX: $BTH) has announced a corporate and business update, including the receipt of an indicative offer from Vector Capital Management, L.P., the appointment of Tim Ebbeck to the Board of Directors, and the rollover of a $15m loan facility. The company also provided insights into its FY24 outlook and longer-term strategy, highlighting its focus on core AI technology and the multi-hub business strategy.

Executive commentary on corporate update and capital raising

Bigtincan has received an indicative offer from Vector Capital Management, L.P. and appointed Tim Ebbeck to the Board of Directors. The company's focus on core AI technology and the multi-hub business strategy aligns with its ambitions to drive future growth and expand its global market presence.

Summary of Bigtincan's corporate update and capital raising

Bigtincan (ASX: $BTH) has received an indicative offer from Vector Capital Management, L.P. and appointed Tim Ebbeck to the Board of Directors. The company's FY24 outlook includes a revenue of $120m+, EBITDA of $10m+, and free cash flow of $5m+ in 2H FY24. Bigtincan aims to raise A$20.5m through an equity raising to fund investments in core AI technology, data infrastructure, market awareness, and working capital. The company's focus on AI technology and the multi-hub business strategy reflects its commitment to future growth and market expansion.