Bigtincan (ASX:BTH)

Approximately $136m Raised via a Placement and Underwritten Accelerated Non-Renounceable Entitlement Offer to help fund their acquisition of Brainshark Inc.

Henslow is pleased to have acted as Corporate Advisor, Joint Lead Manager and Underwriter to raise approximately $136m for Bigtincan Holdings Limited (ASX:BTH) via a Placement and Underwritten Accelerated Non-Renounceable Entitlement Offer. Approximately $80.6m has been raised through the Placement and Institutional Entitlement Offer of the capital raise. The Placement was cornerstoned by major shareholder SQN Investors (a U.S. based investment firm focused on technology companies). The Institutional Entitlement Offer was strongly supported by domestic and international institutional investors. The capital raised will be used to fund Bigtincan’s acquisition of U.S. based SaaS provider, Brainshark Inc. Brainshark is recognized as a leader in sales coaching, learning and readiness with 900+ customers and approximately 180 employees. The acquisition of Brainshark Inc. is expected to transform Bigtincan into a global leader in the sales enablement market with significant scale, including an estimated increase in annual recurring revenue to $119m+ at the end of FY22.