Overview of the announcement

Bigtincan Holdings Limited (Bigtincan) (ASX:BTH) has received a non-binding proposal for a business combination from NASDAQ-listed Investcorp India Acquisition Corp (IVCA). The proposal involves exchanging all of Bigtincan's shares for shares in a newly formed Cayman Island holding company at an implied equity value of approximately A$400m. Investcorp also aims to invest US$12.5m into the new company upon consummation of the proposed transaction.

Executive commentary

The Board is evaluating the non-binding proposal from Vector Capital Management, L.P. announced on 17 September 2024, and will now do so against the IVCA Proposal to determine which, if any, is in the best interests of shareholders to further progress. Shareholders are not required to take any action at this time, and there is no certainty that any transaction will eventuate from either proposal. Bigtincan remains committed to executing its strategic plan and maximizing shareholder value.

Summary of the announcement

Bigtincan Holdings Limited (Bigtincan) (ASX:BTH) has received a non-binding proposal for a business combination from NASDAQ-listed Investcorp India Acquisition Corp (IVCA). The proposal involves exchanging all of Bigtincan's shares for shares in a newly formed Cayman Island holding company at an implied equity value of approximately A$400m. Investcorp also aims to invest US$12.5m into the new company upon consummation of the proposed transaction. The Board is evaluating the proposal and will determine which, if any, is in the best interests of shareholders to further progress. Shareholders are not required to take any action at this time, and there is no certainty that any transaction will eventuate from either proposal. Bigtincan remains committed to executing its strategic plan and maximizing shareholder value.