LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team,…
LONDON: Ocean Wilsons has announced that its wholly-owned subsidiary, OW Overseas (Investments) Limited (OWOIL), has agreed to sell its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services…
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The…
LONDON: Elixirr International plc (AIM: ELIX) announced the acquisition by its US subsidiary, Elixirr Inc. of all of the issued and outstanding membership interests of Hypothesis Group LLC for a…
LONDON: FirstGroup plc has acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours Limited and London Mini Coaches Limited. Anderson Travel…
SYDNEY: TZ Limited has entered into a Heads of Agreement to acquire proptech company, Keyvision Holdings Pty Ltd. TZ Chairman Peter Graham said: “TZ is delighted to announce its entry into…
Bigtincan Holdings Limited (ASX: BTH) has announced its agreement with Investcorp AI Acquisition Corp. (IAAC) to list Bigtincan’s business on the Nasdaq. This transaction involves forming a new company, Bigtincan Limited, based in the Cayman Islands. Key Details of the Deal Valuation and Investment: The transaction values Bigtincan at $275 million. Investcorp has committed $12.5 million to the new company. Additionally, Bigtincan aims to raise up to $25 million from institutional investors and another $25 million through debt financing. Shareholder Options: Bigtincan shareholders may opt for cash consideration for their shares at $0.16145 per share, subject to fund availability and scaling mechanisms. Post-transaction, Bigtincan shareholders will own approximately 75% of Bigtincan Limited, depending on various factors including cash elections and PIPE investments. Strategic Comments Harsh Shethia, a veteran at Investcorp, stated that this transaction not only benefits Bigtincan’s shareholders but also its customers, employees, and partners. It positions Bigtincan as a leader in AI-powered sales enablement, showcasing Australia's strengths in AI innovation. Transaction Mechanics The agreement involves merging IAAC with BTH Merger Sub Limited, a wholly-owned subsidiary of Bigtincan Limited, with the latter continuing as the surviving company. Bigtincan shareholders will exchange their shares for those in Bigtincan Limited or opt for cash if available. Company Overview Bigtincan is a global leader in sales enablement and engagement, offering tools for Sales Content Management, Sales Readiness, and Sales Engagement. The company operates in over 50 countries and services more than 100 Fortune 500 companies. Investcorp, a global investment manager, specializes in private equity, real assets, and credit. With a presence in 14 offices globally and around $53 billion in assets under management, Investcorp plans to integrate Bigtincan into its AI investment strategy, enhancing its global footprint. This transaction, if completed, will mark a significant milestone for Bigtincan, positioning it for substantial growth and innovation in the AI and enterprise software space. Bigtincan acquires revenue intelligence and data platform provider, SalesDirector.ai
It feels like we just welcomed the Galaxy S24 lineup, yet here we are, already speculating about the Samsung Galaxy S25. With the potential release window in early 2025, excitement…
In the digital age, our online presence has become an extension of our physical selves. Social media platforms, particularly Instagram, have come a long way from being simple photo-sharing apps.…
LONDON: Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, has entered into an agreement to acquire Certain Affinity, Inc., a…
SYDNEY: Swoop Holdings (ASX:SWP) has announce its intention to make an off-market takeover offer to acquire all of the ordinary shares of Vonex Limited (ASX:VN8)that it does not currently own.…
PERTH: Lycopodium Limited has entered into a Heads of Agreement to acquire a majority interest in SAXUM, an Argentinian headquartered engineering company. Under the terms of the agreement, Lycopodium will…