On November 18, 2022, LiveTiles Limited announced that the unsolicited, non-binding indicative offer from Bigtincan Holdings Limited for all of the shares in the Company announced on 4 October 2022 has been withdrawn. While the Board had preliminarily determined that Bigtincan Holdings Limited offer undervalued the Company, the board offered Bigtincan Holdings access to due diligence to provide it with the opportunity to provide an increased offer that better reflected the value of the Company. However, Bigtincan Holdings declined to sign a non-disclosure agreement, with contained customary terms necessary to protect the Company?s intellectual property and interests.

On this basis, the Company was unable to properly engage with Bigtincan Holdings in relation to its offer.