Bigtincan Holdings (ASX:BTH) said that its shareholders will vote on a proposed acquisition by Big Wombat, an entity backed by Vector Capital Management, LP, according to a Monday filing with the Australian bourse.
The acquisition would see Big Wombat acquire 100% of Bigtincan Holdings' fully paid ordinary shares through a scheme of arrangement, the filing said.
If shareholders approve the scheme, the proposal will proceed to the second court hearing in the Supreme Court of New South Wales on April 8 for final approval, the filing added.
Shareholders may oppose the approval of the scheme at the hearing by filing a notice of appearance and affidavit with BTH's legal representatives, at least one day before the hearing.
Shares of the company fell 5% in recent Monday trade.
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