Bigtincan’s Biggest Shareholder Objects to Capital Raising
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Australian sales software developer Bigtincan Holdings Ltd. has drawn opposition to a possible equity raising from its largest shareholder and suitor.
Technology investor SQN Investors LP sent a letter to the Bigtincan board Wednesday objecting to what it said would be a “potentially highly dilutive” and “value-destructive” move by the company. SQN lodged a take-private offer to the company last month valuing it at about A$442 million ($297 million).