Bigtincan Holdings (ASX: $BTH) Retail Entitlement Offer Announcement

Bigtincan Holdings Limited (ASX: $BTH) has announced a retail entitlement offer of new shares at an offer price of $0.10 per New Share. The retail component of the offer opens on June 18, 2024, and closes on July 2, 2024. The company intends to use the proceeds to fund investments in core AI technology, data infrastructure related to provisioning of GenieAI technology, market awareness and development, working capital, and transaction costs. The offer is fully underwritten and is non-renounceable. Eligible retail shareholders are encouraged to carefully read the Retail Offer Booklet for further details relating to the Retail Entitlement Offer.

Chairman encourages shareholders to consider the investment opportunity

Chairman Tom Amos has encouraged shareholders to consider the investment opportunity and thanked them for their ongoing support.

Outlook for FY24 and longer-term prospects

Bigtincan Holdings Limited has announced a retail entitlement offer of new shares at an offer price of $0.10 per New Share. The company intends to use the proceeds to fund investments in core AI technology, data infrastructure related to provisioning of GenieAI technology, market awareness and development, working capital, and transaction costs. The offer is fully underwritten and is non-renounceable. The company has also received a confidential, non-binding, incomplete, and indicative offer from Vector Capital Management, L.P. at an indicative offer price of $0.25 per share. The company has appointed Tim Ebbeck to the Board of Directors, and it has agreed to roll over the existing $15 million loan facility with Regal Funds Management Pty Limited as trustee for one or more funds. In terms of business progression, the company has provided an outlook for FY24 and longer-term prospects. Additionally, Bigtincan is conducting an equity raising to support its ongoing operating plan and expand its global go-to-market team to promote GenieAI and integrations for the core platform.