BBAI Ultimate Holdings Ups Stake in BigBear.ai
Ticker: BBAI-WT · Form: SC 13D/A · Filed: Mar 18, 2024 · CIK: 1836981
| Field | Detail |
|---|---|
| Company | Bigbear.Ai Holdings, INC. (BBAI-WT) |
| Form Type | SC 13D/A |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.0001, $2.61, $2, $2.52, $2.44 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: BBAI
TL;DR
BBAI Ultimate Holdings just filed an amendment showing they've increased their stake in BBAI. Watch this space.
AI Summary
On March 18, 2024, BBAI Ultimate Holdings, LLC filed an amendment (Amendment No. 5) to its Schedule 13D for BigBear.ai Holdings, Inc. This filing indicates a change in beneficial ownership, with BBAI Ultimate Holdings, LLC now holding a significant stake in the company. The filing details the group members involved, including AE BBAI AGGREGATOR, LP, AEROEQUITY GP, LLC, DAVID H. ROWE, and MICHAEL R. GREENE.
Why It Matters
This filing signals a potential shift in control or influence over BigBear.ai Holdings, Inc. by BBAI Ultimate Holdings, LLC and its associated entities.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings like this can indicate activist investor activity or strategic shifts, which may introduce volatility.
Key Players & Entities
- BBAI Ultimate Holdings, LLC (company) — Filing entity and significant shareholder
- BigBear.ai Holdings, Inc. (company) — Subject company
- AE BBAI AGGREGATOR, LP (company) — Group member
- AEROEQUITY GP, LLC (company) — Group member
- DAVID H. ROWE (person) — Group member
- MICHAEL R. GREENE (person) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
The filing is an amendment to a Schedule 13D, indicating a change in the beneficial ownership of BigBear.ai Holdings, Inc. by BBAI Ultimate Holdings, LLC and its group members.
Who are the key entities involved in this filing?
The key entities are BigBear.ai Holdings, Inc. (the issuer), BBAI Ultimate Holdings, LLC (the filing entity), and its group members: AE BBAI AGGREGATOR, LP, AEROEQUITY GP, LLC, DAVID H. ROWE, and MICHAEL R. GREENE.
When was this amendment filed?
This amendment was filed on March 18, 2024.
What was BigBear.ai Holdings, Inc. formerly known as?
BigBear.ai Holdings, Inc. was formerly known as GigCapital4, Inc., with a name change occurring on December 17, 2020.
What is the business address of BigBear.ai Holdings, Inc.?
The business address is 6811 Benjamin Franklin Drive, Suite 200, Columbia, MD 21046.
Filing Stats: 2,394 words · 10 min read · ~8 pages · Grade level 11.1 · Accepted 2024-03-18 16:05:55
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
- $2.61 — ple transactions at prices ranging from $2.61 to $2.95, inclusive. 3 These shares w
- $2 — actions at prices ranging from $2.61 to $2.95, inclusive. 3 These shares were so
- $2.52 — ple transactions at prices ranging from $2.52 to $2.64, inclusive. 4 These shares w
- $2.44 — ple transactions at prices ranging from $2.44 to $2.62, inclusive. 5 These shares w
Filing Documents
- d792375dsc13da.htm (SC 13D/A) — 112KB
- 0001193125-24-070132.txt ( ) — 114KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: March 18, 2024 BBAI ULTIMATE HOLDINGS, LLC By: /s/ Jeffrey Hart Name: Jeffrey Hart Title: Vice President and Secretary AE BBAI AGGREGATOR, LP By: AE BBRED GP, LLC Its: General Partner By: /s/ Kirk Konert Name: Kirk Konert Title: President AEROEQUITY GP, LLC By: /s/ Michael R. Greene Name: Michael R. Greene Title: Managing Member By: /s/ Michael R. Greene Name: Michael R. Greene By: /s/ David H. Rowe Name: David H. Rowe PANGIAM ULTIMATE HOLDINGS, LLC By: /s/ Bryan McElwee Name: Bryan McElwee Title: Vice President SCHEDULE A Transactions in the Shares During the Past 60 Days Shares of Common Stock Sold Price per Share ($) 1 Date of Purchase/Sale 2,700,000 2.80 2 03/08/2024 2,857,343 2.58 3 03/08/2024 1,832,678 2.47 4 03/11/2024 139,527 2.44 5 03/12/2024 4,777,012 2.53 6 03/13/2024 8,009,447 2.55 7 03/14/2024 2,461,867 2.47 8 03/15/2024 1 The prices reported in this column are weighted average prices. The Reporting Person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price such shares were sold. 2 These shares were sold in multiple transactions at prices ranging from $2.61 to $2.95, inclusive. 3 These shares were sold in multiple transactions at prices ranging from $2.52 to $2.64, inclusive. 4 These shares were sold in multiple transactions at prices ranging from $2.44 to $2.62, inclusive. 5 These shares were sold in multiple transactions at prices ranging from $2.44 to $2.46, inclusive. 6 These shares were sold in multiple transactions at prices ranging from $2.44 to $2.65