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(Reuters) -Australia's Bigtincan Holdings Ltd completed a A$35 million ($23.54 million) equity raising on Thursday, hours after top shareholder and suitor SQN Investors called it "highly dilutive" and "value-destructive".
SQN, Bigtincan's top shareholder with a 13.6% stake, had voiced its opposition to the placement, urging the software firm to not go through with any capital raise or acquisitions, in a letter released in early market hours.
"We urge you to not pursue any capital raise or do a...
>>> Read more: Bigtincan completes capital raising despite suitor SQN Investors' concerns
SQN, Bigtincan's top shareholder with a 13.6% stake, had voiced its opposition to the placement, urging the software firm to not go through with any capital raise or acquisitions, in a letter released in early market hours.
"We urge you to not pursue any capital raise or do a...
>>> Read more: Bigtincan completes capital raising despite suitor SQN Investors' concerns
