During the Placement process SQN Investors reaffirmed their non-binding, conditional, indicative proposal to acquire Bigtincan for 80 cents per share.
Bigtincan has continued to receive inbound enquiries from other interested parties. Any such discussions are preliminary and Bigtincan remains focused on executing its strategic plan, and there is no certainty that any interest will lead to a transaction. Bigtincan receives inbound interest from time to time and has established processes for addressing these. The Bigtincan board will only progress enquiries that are in the interests of all shareholders.
Bigtincan remains on track and confirms its FY23 guidance of Annualised Recurring Revenue in the range of $137-143m and revenue in the range of $123-128m and the outlook will be updated post the completion of acquisitions, with the Company looking forward to releasing its 1H FY23 results early in 2023.
Bigtincan has been working with William Blair & Company, L.L.C. and Gilbert + Tobin together with other advisors.
About Bigtincan Holdings Limited:
Bigtincan Holdings Limited (ASX:BTH) (OTCMKTS:BTGHF) is helping the world's leading brands facilitate the buying experience of the future. Everything we offer is designed to be smart, flexible, and easily adapted to unique business processes with highly personalised experiences that people and brands love. We're on a mission to help companies deliver branded buying experiences that are engaging, personalised, provide value and guide people to the best decisions with confidence. Innovative companies like Nike, Guess, Prudential, and Starwood Hotels trust Bigtincan to enable customer-facing teams to intelligently prepare, engage, measure and continually improve the buying experience for their customers. For more information about Bigtincan, visit: www.bigtincan.com or follow @bigtincan on Twitter.
Source:
Bigtincan Holdings Limited
Contact:
Mark Ohlsson Company Secretary +61 400 801 814 Investor@bigtincan.com Jane Morgan Jane Morgan Management +61 405 555 618 jm@janemorganmanagement.com.au