Bigtincan launches $15.6 million capital raising

Company News

by Katrina Bullock

Sales enablement company, Bigtincan Holdings (ASX:BTH) has launched a fully underwritten offer to raise approximately $15.6 million.

The capital raising will be undertaken through a fully underwritten 1 for 6 pro rata accelerated non-renounceable entitlement offer at 42 cents per share.

The offer comprises of an institutional entitlement offer to raise approximately $12.1 million and a retail entitlement offer to raise approximately $3.5 million.

It will be fully underwritten by Baillieu Limited and Canaccord Genuity (Australia).

Shares in Bigtincan Holdings (ASX:BTH) last traded at 54 cents.