secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001193125-24-058263
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524058263/0001193125-24-058263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524058263/d783588d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-058263

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