---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-058263"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:05:35.460915+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai raises ~$33.2M via warrant exercise; issues new 9M-share warrant at $4.75

## Summary
- Exercised outstanding warrant for 13,888,889 shares at $2.39 per share, gross proceeds ~$33.2M.
- In consideration, issued new warrant for 9,000,000 shares at $4.75, exercisable from Sept 5, 2024, for 5 years.
- Investor is Armistice Capital Master Fund Ltd.; new warrant is unregistered with 9.99% beneficial ownership limit.
- Company to file resale registration statement for new warrant shares within 30 days.
- Lock-up: no share issuance or registration filings for 30 days post-closing; 60-day ban on variable-rate transactions.

## SEC filing metadata
- accession: 0001193125-24-058263
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000119312524058263/0001193125-24-058263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000119312524058263/d783588d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-058263
- JSON: https://secwatch.observer/filing/0001193125-24-058263.json
- Plain text: https://secwatch.observer/filing/0001193125-24-058263.txt

## Key facts
- Material Agreements
  BigBear.ai Holdings, Inc. entered into Warrant Exercise Agreement with an existing accredited investor valued at approximately $33.2 million (effective 2024-03-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an existing accredited investor
  - Value: approximately $33.2 million
  - Effective: 2024-03-04
  source text: On March 4, 2024, BigBear.ai Holdings, Inc. (the “Company”) entered into a warrant exercise agreement (the “Warrant Exercise Agreement”) with an existing accredited investor (the “Investor”) to exercise in full an outstanding Common Stock Purchase Warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836981/000119312524058263/0001193125-24-058263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.