Bigtincan suitor SQN Investors unhappy with potential capital raising

Bigtincan Holdings

08/12/2022 03:23

Dec 8 (Reuters) - Australia's Bigtincan Holdings Ltd
 BTH.AX  said on Thursday top shareholder and suitor SQN
Investors in a letter expressed disagreement over its potential
capital raising, calling it "highly dilutive" and
"value-destructive".
    SQN's letter, made public separately, cited a media report
stating the Sydney-based software developer's shares were on a
halt pending a A$30 million ($20.12 million) placement, only
days after the private equity adviser tabled a A$441.9 million
buyout offer.
($1 = 1.4908 Australian dollars)
 (Reporting by Roushni Nair in Bengaluru; Editing by Christian
Schmollinger)
 ((Roushni.Nair@thomsonreuters.com;))