BigBear.ai Closes $100M Public Offering
Ticker: BBAI-WT · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1836981
| Field | Detail |
|---|---|
| Company | Bigbear.Ai Holdings, INC. (BBAI-WT) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50, $182.3 million, $0.4 million, $1,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-offering, financing, capital-raise
Related Tickers: BBai
TL;DR
BigBear.ai just closed a $100M stock offering at $5/share. Funds secured!
AI Summary
On December 19, 2024, BigBear.ai Holdings, Inc. announced the closing of its previously disclosed underwritten public offering. The company successfully raised approximately $100 million in gross proceeds before deducting underwriting discounts and commissions and other offering expenses. This offering involved the sale of 20,000,000 shares of common stock at a price of $5.00 per share.
Why It Matters
This capital infusion strengthens BigBear.ai's financial position, providing resources for future growth and operational expansion.
Risk Assessment
Risk Level: medium — While the capital raise is positive, the company's financial performance and ability to execute its growth strategy will determine its long-term success.
Key Numbers
- $100.0M — Gross Proceeds (Raised from the public offering)
- $5.00 — Price Per Share (The price at which shares were sold in the offering)
- 20,000,000 — Shares Sold (The total number of shares offered and sold)
Key Players & Entities
- BigBear.ai Holdings, Inc. (company) — Registrant
- December 19, 2024 (date) — Closing date of the offering
- $100 million (dollar_amount) — Gross proceeds from the offering
- $5.00 (dollar_amount) — Price per share in the offering
- 20,000,000 (dollar_amount) — Number of shares sold
FAQ
What was the total amount of gross proceeds raised by BigBear.ai in this offering?
BigBear.ai raised approximately $100 million in gross proceeds from the underwritten public offering.
What was the price per share for the common stock sold in the offering?
The common stock was sold at a price of $5.00 per share.
How many shares of common stock were sold in the offering?
The company sold 20,000,000 shares of common stock.
When did the underwritten public offering close?
The offering closed on December 19, 2024.
What is the purpose of the funds raised from this offering?
The filing indicates the funds will be used for general corporate purposes, which can include working capital, capital expenditures, and potential acquisitions, strengthening the company's financial position for future growth.
Filing Stats: 1,036 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-12-19 08:17:34
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
- $182.3 million — 2026 Notes"), to exchange approximately $182.3 million in aggregate principal amount of the 20
- $0.4 million — 29 (the "2029 Notes") and approximately $0.4 million in cash, with such cash payment represe
- $1,000 — ts, and the initial conversion rate per $1,000 principal amount of the 2029 Notes will
- $17.7 million — Notes outstanding will be approximately $17.7 million. The Company will not receive any cash
Filing Documents
- d907523d8k.htm (8-K) — 32KB
- d907523dex101.htm (EX-10.1) — 213KB
- d907523dex991.htm (EX-99.1) — 16KB
- d907523dex992.htm (EX-99.2) — 11KB
- 0001193125-24-281673.txt ( ) — 489KB
- bbai-20241219.xsd (EX-101.SCH) — 4KB
- bbai-20241219_def.xml (EX-101.DEF) — 14KB
- bbai-20241219_lab.xml (EX-101.LAB) — 24KB
- bbai-20241219_pre.xml (EX-101.PRE) — 15KB
- d907523d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Form of Exchange Agreement 99.1 Press Release dated December 19, 2024 99.2 Press Release dated December 19, 2024 104 Cover page interactive data file (embedded within the inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BigBear.ai Holdings, Inc. Date: December 19, 2024 By: /s/ Sean Ricker Sean Ricker Chief Accounting Officer