Bigtincan

Canaccord Genuity acts as Joint Lead Manager and Bookrunner to a A$23.2 million equity transaction for Bigtincan Holdings Limited

Canaccord Genuity is pleased to announce the completion of a A$23.2 million equity transaction on behalf of Bigtincan Holdings Limited (“Bigtincan” or the “Company”) (ASX.BTH), comprising a A$20.0 million institutional placement and a A$3.2 million share sell down (the “Equity Transaction”), both at the offer price of A$0.54 per share. Canaccord Genuity acted as Joint Lead Manager and Bookrunner for the transaction, which was heavily oversubscribed by both new and existing institutional shareholders.

Proceeds of the Equity Transaction will be used to fund the acquisition of Xinnovation Inc, a Boston-based sales enablement cloud software company operating in the financial services segment, and for general working capital requirements.

Bigtincan helps sales and service teams increase win rates and customer satisfaction. The Company’s mobile, AI-powered sales enablement automation platform features the industry’s premier user experience that empowers sales representatives to more effectively engage with customers and prospects and encourages team-wide adoption.

The Equity Transaction team included Jeremy Dunlop and Stefan Collins, with significant support provided by our sales team led by Alex Unsworth.