BigBear.ai Enters Material Agreement, Files 8-K
Ticker: BBAI-WT · Form: 8-K · Filed: Mar 5, 2024 · CIK: 1836981
| Field | Detail |
|---|---|
| Company | Bigbear.Ai Holdings, INC. (BBAI-WT) |
| Form Type | 8-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50, $4.75, $33.2 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, material-agreement, filing
TL;DR
BigBear.ai locked down a material agreement for a Palantir acquisition, filed financials. Big moves ahead!
AI Summary
On March 4, 2024, BigBear.ai Holdings, Inc. entered into a Material Definitive Agreement related to its previously announced acquisition of the business of Palantir Technologies Inc. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. This filing follows their previous name change from GigCapital4, Inc. on December 17, 2020.
Why It Matters
This 8-K filing indicates significant progress in BigBear.ai's strategic initiatives, including a key acquisition, which could impact its market position and future growth.
Risk Assessment
Risk Level: medium — The filing involves a material definitive agreement and unregistered sales of equity, suggesting significant corporate actions that carry inherent risks.
Key Players & Entities
- BigBear.ai Holdings, Inc. (company) — Registrant
- Palantir Technologies Inc. (company) — Acquisition Target Business
- GigCapital4, Inc. (company) — Former Company Name
- March 4, 2024 (date) — Date of Report
- December 17, 2020 (date) — Date of Name Change
FAQ
What is the nature of the Material Definitive Agreement entered into by BigBear.ai?
The filing indicates the agreement is related to the previously announced acquisition of the business of Palantir Technologies Inc.
What other items are reported in this 8-K filing?
The filing also covers Unregistered Sales of Equity Securities and Financial Statements and Exhibits.
When did BigBear.ai Holdings, Inc. change its name?
The company changed its name from GigCapital4, Inc. on December 17, 2020.
What is the company's state of incorporation and fiscal year end?
BigBear.ai Holdings, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
What is the SIC code for BigBear.ai Holdings, Inc.?
The Standard Industrial Classification (SIC) code is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 929 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-03-04 21:31:33
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value BBAI New York Stock Excha
- $11.50 — of common stock at an exercise price of $11.50 per share BBAI.WS New York Stock Ex
- $4.75 — th an exercise price per share equal to $4.75. The Company agreed to file a resale re
- $33.2 m — ercise are expected to be approximately $33.2 million, prior to deducting estimated off
Filing Documents
- d783588d8k.htm (8-K) — 30KB
- d783588dex41.htm (EX-4.1) — 85KB
- d783588dex101.htm (EX-10.1) — 38KB
- 0001193125-24-058263.txt ( ) — 354KB
- bbai-20240304.xsd (EX-101.SCH) — 4KB
- bbai-20240304_def.xml (EX-101.DEF) — 14KB
- bbai-20240304_lab.xml (EX-101.LAB) — 24KB
- bbai-20240304_pre.xml (EX-101.PRE) — 15KB
- d783588d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Form of New Warrant. 10.1 Warrant Exercise Agreement, dated as of March 4, 2024, by and between BigBear.ai and the Investor. 104 Cover Page Interactive Data File (Embedded within the Inline XBRL Document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated:March 5, 2024 By: /s/ Sean Ricker Name: Sean Ricker Title: Chief Accounting Officer 3