secwatch.observer — SEC 8-K summary
======================================

Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001193125-25-021308
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai raises ~$21.9M via full warrant exercise; issues new warrant for 3.77M shares at $9.00
--------------------------------------------------------------------------------

- Existing warrant for 5,800,000 shares exercised at $3.78/share, gross proceeds ~$21.9M.
- New unregistered warrant issued for up to 3,770,000 shares at $9.00/share, exercisable after August 6, 2025.
- New warrant expires five years from issuance; includes 9.99% beneficial ownership limit for investor.
- Company to file resale registration statement for new warrant shares by 2 business days after 10-K filing.
- Investor is Armistice Capital Master Fund Ltd., an existing accredited holder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000119312525021308/0001193125-25-021308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000119312525021308/d927965d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-021308

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