What Happened to BigBear.ai Holdings?
Ticker: BBAISPAC Year: 2021Merger: 2024
Return
-63.2%
Current Price
$3.68
Peak Price
$16.12
Trust Size
$895M
Summary
BigBear.ai is an artificial intelligence and machine learning company providing predictive analytics and decision intelligence solutions primarily for U.S. defense, intelligence, and commercial customers.
What Happened
BigBear.ai went public in December 2021 through a merger with GigCapital4. The company serves government and defense clients with AI-powered analytics for supply chain management, autonomous systems, and cybersecurity. Despite winning government contracts, BigBear.ai has struggled with profitability and its stock has declined significantly from SPAC-era levels, though it has seen periodic spikes on AI market enthusiasm.
Timeline
2021-02-01
S-1 Registration Filed
2024-01-29
Merger Proxy Filed (DEFM14A)