{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-270819","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.907506+00:00","generated_at":"2026-06-08T21:27:27.391708+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BigBear.ai to acquire Pangiam for $70M in stock; combines Vision AI portfolios","bullets":["Purchase price $70M payable solely in BigBear.ai common stock, at $1.3439 per share (20-day VWAP).","Acquisition expands BigBear.ai’s customer base to airlines, airports, CBP; adds facial recognition & biometrics.","Expected close Q1 2024, subject to stockholder approval, UK regulatory clearance, and other conditions.","AE Industrial Partners owns majority of both companies; special committee approved the deal.","Seller subject to one-year lockup on shares; BigBear.ai obtained representation and warranty insurance."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-270819","json":"https://secwatch.observer/filing/0001193125-23-270819.json","markdown":"https://secwatch.observer/filing/0001193125-23-270819.md","text":"https://secwatch.observer/filing/0001193125-23-270819.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000119312523270819/0001193125-23-270819-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000119312523270819/d582197d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:27:27.391708+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8f9f732c6a27459094f8f5234a0ab4f525df8730","claim":"BigBear.ai Holdings, Inc. entered into Merger Agreement with Pangiam Intermediate Holdings, LLC, AE Industrial Partners, LP and certain affiliates valued at $70 million (effective 2023-11-04).","evidence_excerpt":"On November 4, 2023, BigBear.ai Holdings, Inc. (“BigBear.ai” or the “Company”) entered into an agreement and plan of mergers (the “Merger Agreement”) with Pangiam Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Company (“Merger Sub”), Pangiam Purchaser, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Company (“Pangiam Purchaser”), Pangiam Ultimate Holdings, LLC, a Delaware limited liability company (the “Seller”), and Pangiam Intermediate Holdings, LLC, a Delaware limited liability company (“Pangiam Intermediate”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836981/000119312523270819/0001193125-23-270819-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Pangiam Intermediate Holdings, LLC, AE Industrial Partners, LP and certain affiliates"},{"label":"Value","value":"$70 million"},{"label":"Effective","value":"2023-11-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}