---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-281673"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:45:58.476881+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai exchanges $182.3M convertible notes for new secured notes due 2029 and wins GSA OASIS+ contract

## Summary
- Exchanged $182.3M of 6% convertible notes due 2026 for new 6% senior secured notes due 2029; $0.4M cash for accrued interest.
- New notes maturing Dec 2029; initial conversion price at 115% of VWAP; interest 6% cash or 7% PIK; shares limited until NYSE approval.
- Existing $17.7M of 2026 notes remain outstanding; senior secured revolver terminated with no borrowings.
- Awarded GSA OASIS+ IDIQ contract with no ceiling, 10-year ordering period, covering 5 domains and 75 CLINs.
- CEO Mandy Long says award expands reach across federal missions and strengthens customer partnerships.

## SEC filing metadata
- accession: 0001193125-24-281673
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000119312524281673/0001193125-24-281673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000119312524281673/d907523d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-281673
- JSON: https://secwatch.observer/filing/0001193125-24-281673.json
- Plain text: https://secwatch.observer/filing/0001193125-24-281673.txt

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