Investcorp AI To Merge With Bigtincan Under $275M SPAC Deal, Creating New Nasdaq-Listed AI Powerhouse
Portfolio Pulse from Benzinga Newsdesk
Investcorp AI Acquisition Corp. (NASDAQ:IVCA) is set to merge with Bigtincan Holdings Limited, creating a new Nasdaq-listed entity, Bigtincan Limited, valued at $275 million. The deal involves a mix of equity and cash options for Bigtincan shareholders and aims to raise additional funds through PIPE and debt financing.
October 21, 2024 | 10:14 am
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Investcorp AI Acquisition Corp. (IVCA) is merging with Bigtincan to form a new Nasdaq-listed company, Bigtincan Limited. This merger is valued at $275 million and involves equity and cash options for shareholders.
The merger with Bigtincan positions IVCA as a key player in the AI sector, potentially boosting its stock price due to increased market presence and investor interest.
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