Investcorp AI Acquisition Corp. ("IAAC") (NASDAQ:IVCA) is pleased to announce that it has agreed to terms with Bigtincan Holdings Limited ("Bigtincan") (ASX:BTH) under which, if implemented, IAAC would combine with Bigtincan's business and list on the Nasdaq through a newly formed Cayman Islands exempted company called "Bigtincan Limited" (the "Transaction").

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Transaction Highlights

Implied pre-money equity valuation of Bigtincan of US$275m2 on a fully diluted basis being A$0.483 per share based on the assumptions described in the footnote below Investcorp Cayman Holdings Limited ("Investcorp"), an affiliate of...