secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001193125-21-355558
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 5.02, 9.01, 2.03, 3.03, 4.01, 5.01, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai completes merger with GigCapital4; begins trading on NYSE as BBAI
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- Business combination closed Dec 7, 2021; company renamed BigBear.ai Holdings, Inc.; shares and warrants trade on NYSE under BBAI and BBAI.WS.
- Redemption of 24.9M public shares for ~$248.8M; trust account balance post-redemption ~$110M.
- Issued $200M unsecured convertible notes due 2026 convertible at $11.50/share; conversion price may reset to as low as $9.78.
- Entered $50M senior secured revolving credit facility with Bank of America, maturing in 4 years.
- Post-combination outstanding shares: ~135.6M; directors/executives beneficially own ~90.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000119312521355558/0001193125-21-355558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000119312521355558/d125877d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-355558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer