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Red Flags Detected

  • Dilution Per Share to New Investors $1.43 (new) — New investors face immediate and substantial dilution of $1.43 per share, representing a large gap between the offering price and net tangible book value.
  • Existing Stockholder Resale Registrations (new) — The company has registered up to 128.05M shares for resale by existing stockholders, creating significant potential overhang on the stock price.
NYSE: BBAI BigBear.ai Holdings, Inc. 424B5

BigBear.ai launches at-the-market offering of up to $150M; implied market cap $514.2M at $1.48/share

Filed May 10, 2024 · ~1 min read

Key Changes

  • high

    BigBear.ai may sell up to $150M of common stock from time to time through Cantor as sales agent, at prevailing market prices.

    The Offering verify on EDGAR →
  • high

    At the assumed offering price of $1.48, the company could issue up to 101.4M new shares, bringing total outstanding to 347.4M.

    The Offering verify on EDGAR →
  • high

    New investors would incur immediate dilution of $1.43 per share, based on the assumed offering price of $1.48.

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify