BigBear.ai closes $25M private placement of common stock and warrants

BigBear.ai Holdings, Inc.

Issued 13,888,889 shares and warrants to purchase 13,888,889 shares at $1.80 per unit.
Warrants exercisable at $2.39 per share from July 19, 2023 to July 19, 2028.
Gross proceeds of approximately $25M; net proceeds for general corporate purposes and working capital.
H.C. Wainwright & Co. acted as exclusive placement agent for the offering.
Company agreed to file resale registration statement within 20 days of the agreement.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BigBear.ai Holdings, Inc. entered into Registration Rights Agreement with the Purchaser (effective 2023-01-16).

Action: entry
Agreement: equity purchase
Counterparty: the Purchaser
Effective: 2023-01-16

Exact text from the filing

In connection with the Private Placement, the Company entered into a Registration Rights Agreement with the Purchaser, dated January 16, 2023 (the “ Registration Rights Agreement ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BigBear.ai Holdings, Inc. entered into Securities Purchase Agreement with certain accredited investor valued at approximately $25,000,000 (effective 2023-01-16).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investor
Value: approximately $25,000,000
Effective: 2023-01-16

Exact text from the filing

On January 19, 2023, BigBear.ai Holdings, Inc. (the “ Company ”) consummated the closing of a private placement (the “ Private Placement ”), pursuant to the terms and conditions of the Securities Purchase Agreement, dated January 16, 2023 (the “ Securities Purchase Agreement ”), by and among the Company and a certain accredited investor (the “ Purchaser ”).

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BigBear.ai Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-001253

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