secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-054581
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai closes $70M acquisition of Pangiam, issues 61.8M shares; names McAleenan President
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- Acquisition of Pangiam completed; consideration 61.8M shares of BBAI common stock, representing ~$70M purchase price (subject to working capital adjustments).
- Combined entity aims to be breakout leader in Vision AI for national security, supply chain, and digital identity.
- Kevin McAleenan, former CEO of Pangiam, appointed President of BigBear.ai.
- Seller granted registration rights under amended investor rights agreement.
- Post-closing adjustments may result in up to $7M additional shares of BBAI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524054581/0001193125-24-054581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524054581/d784408d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-054581

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