** Shares of Bigtincan Holdings rise as much as 14.7% to A$0.195, their highest level since Oct 3 ** Software co announces proposed listing on Nasdaq through a business combination agreement with Investcorp AI Acquisition Corp (IAAC)
** If implemented, co will list on Nasdaq through a newly formed co called Bigtincan Ltd which will have an implied pre-money equity valuation of $275 mln
** Says Investcorp Cayman Holdings, an affiliate of IAAC, has committed to invest $12.5 mln in Bigtincan Ltd
** Bigtincan Ltd will seek to raise up to $25.0 mln from institutional investors and up to $25 mln in debt finance
** Stock down 8.5% YTD as of last close
(Reporting by John Biju in Bengaluru) ((mailto:John.Biju@thomsonreuters.com;))
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