BigBear.ai elects to pay June 2025 interest on 6.0% convertible notes in stock instead of cash

BigBear.ai Holdings, Inc.

Interest Payment Date June 15, 2025; Regular Record Date June 1, 2025.
6.0% Convertible Senior Secured Notes Due 2029; interest payable in shares of common stock.
Election made per Indenture dated Dec 27, 2024; preserves cash but dilutes equity.
Notes governed by Indenture with Wilmington Trust as trustee and collateral agent.

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