Bigtincan Holdings plans to raise $20.5 million through an underwritten accelerated non-renounceable entitlement offer of new ordinary shares.

Priced at 10 cents per share, the offer includes 205.4 million fully paid ordinary shares.

The institutional component begins on June 11, with the retail component opening on June 18.

The funds will enhance investments in core AI technology, data infrastructure, market development, and working capital, particularly supporting the development of GenieAI.