Australia's Bigtincan rises on $275 mln SPAC deal for potential listing in Nasdaq

Bigtincan Holdings

02/10/2024 02:20

** Shares of Bigtincan Holdings  BTH.AX  rise as much as 25%
to A$0.2, their highest levels since Feb 28
    ** The software firm says it has received a buyout proposal
from a NASDAQ-listed special purpose acquisition company (SPAC)
    ** Co says the implied equity value of the proposal is $275
mln, or A$0.47 per BTH share, reflecting a premium of 193% to
BTH's last closing price
    ** BTH says if the proposal is implemented, it would list on
Nasdaq, and delist from Australia
    
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))