Bigtincan Holdings Limited (ASX:BTH) made a non-binding proposal to acquire LiveTiles Limited (ASX:LVT) for AUD 64.6 million on October 3, 2022. Under the Indicative Proposal, LVT shareholders would be entitled to receive AUD 0.07 cash per share. Transaction will be funded through cash reserves and a capital raise by Bigtincan.

The Indicative Proposal is subject to a number of conditions, including (but not limited to) completion of satisfactory due diligence; no disposal of any of LVT's material assets; no material change to LVT's assets or prospects; and entry into a scheme implementation deed on customary terms and conditions.