Core Points - A shareholder class action lawsuit has been filed against BigBear.ai Holdings, Inc. alleging materially false and misleading statements regarding the company's business and financial operations [1] - The lawsuit claims that BigBear maintained deficient accounting review policies and improperly accounted for the 2026 Convertible Notes, leading to misstated financial statements [1] - The inaccuracies in financial reporting may require restatement and could delay the filing of certain financial reports with the SEC [1] Company Operations - The lawsuit alleges that BigBear failed to disclose material adverse facts about its business operations, including issues with accounting policies related to complex transactions [1] - The company is accused of incorrectly determining the derivative scope exception for the conversion option within the 2026 Convertible Notes, which is a significant accounting error [1] Financial Impact - The alleged accounting errors have resulted in the misstatement of various items in previously issued financial statements, which may necessitate restatement [1] - The company may incur additional time and expenses to correct these inaccuracies, increasing the risk of delays in financial reporting [1]

NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of BigBear.ai Holdings, Inc. (NYSE: BBAI). Shareholders who purchased shares of BBAI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/bigbear-ai-holdings-inc-loss-submission-form/?id=150964&from=3 CLASS PERIO ...

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting deficiencies and misstatements during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, providing solutions in national security, supply chain management, and digital identity and biometrics [3]. - The company went public through a business combination with GigCapital4, Inc. in December 2021 and issued $200 million in convertible notes maturing on December 15, 2026 [3]. Allegations and Financial Impact - The lawsuit alleges that BigBear failed to disclose deficiencies in its accounting review policies and incorrectly accounted for the conversion option within its 2026 Notes, violating Accounting Standards Codification [4]. - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 should no longer be relied upon, leading to a stock price drop of $0.52 (14.9%) to $2.97 per share [5]. - Following the filing of its 2024 10-K on March 25, 2025, which disclosed a material weakness in internal controls and restated financial statements, the stock price fell an additional $0.32 (9.11%) to close at $3.19 per share [6].

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose significant accounting errors that may require restating financial statements from fiscal year 2021 onward [1][2][3]. Group 1: Allegations and Financial Misstatements - The lawsuit alleges that BigBear maintained deficient accounting review policies, leading to incorrect accounting treatment of the 2026 Convertible Notes [2]. - It is claimed that BigBear failed to bifurcate the conversion option of the 2026 Convertible Notes as required, resulting in misstatements in previously issued financial statements [2]. - On March 18, 2025, BigBear disclosed that certain financial statements should no longer be relied upon and would be restated, causing a significant drop in stock price by 14.9% to $2.97 per share [3]. Group 2: Class Action Participation - Shareholders wishing to serve as lead plaintiffs must file their papers by June 10, 2025, but participation is not required to be eligible for recovery [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur fees or expenses [5].

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting deficiencies and misrepresentation of financial information during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, specializing in national security, supply chain management, and digital identity and biometrics solutions [3]. - The company underwent a business combination with GigCapital4, Inc., a special purpose acquisition company, which was completed on December 7, 2021, and subsequently issued $200 million in convertible notes maturing on December 15, 2026 [3]. Legal Allegations - The lawsuit claims that BigBear failed to disclose several critical issues, including: - Deficient accounting review policies [4]. - Incorrect determination regarding the conversion option of the 2026 Notes, which did not meet the criteria for the derivative scope exception under Accounting Standards Codification (ASC) 815-40 [4]. - Improper accounting treatment of the 2026 Notes due to the failure to bifurcate the conversion option as required by ASC 815-15 [4].

NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of BigBear.ai Holdings, Inc. (NYSE: BBAI) between March 31, 2022 and March 25, 2025, both dates inclusive (the “Class Period”), of the important June 10, 2025 lead plaintiff deadline. SO WHAT: If you purchased BigBear.ai securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose significant accounting errors that may require restating financial statements from fiscal year 2021 onward [1][2][3]. Group 1: Allegations and Financial Misstatements - The complaint alleges that BigBear maintained deficient accounting review policies, leading to incorrect accounting treatment of the 2026 Convertible Notes [2]. - As a result of these deficiencies, BigBear's financial statements were found to be inaccurate and would likely need to be restated [2]. - On March 18, 2025, BigBear disclosed that certain financial statements should no longer be relied upon, causing a significant drop in stock price by 14.9% to $2.97 per share [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against BigBear, with a deadline to file as lead plaintiff by June 10, 2025 [4]. - Shareholders do not need to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4]. Group 3: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BigBear.ai Holdings, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading financial statements and accounting practices [3][5]. Group 1: Allegations and Financial Impact - The complaint alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain transactions [5]. - BigBear incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for a derivative scope exception, leading to improper accounting for these notes [5]. - The company’s financial statements since fiscal year 2021 were deemed unreliable and are expected to be restated, increasing the risk of delayed filings with the SEC [5][6]. Group 2: Stock Price Reaction - Following the announcement of the delayed filing of its 2024 10-K, BigBear's stock price dropped approximately 15%, from $3.49 on March 17, 2025, to $2.97 on March 18, 2025 [7]. - After the filing of the restated 2024 10-K on March 25, 2025, the stock price fell about 9%, from $3.51 to $3.19 on March 26, 2025 [9]. Group 3: Legal Proceedings - Investors who suffered losses in BigBear.ai are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [1][3]. - The deadline to seek the role of lead plaintiff in the class action is June 10, 2025 [3].

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from March 31, 2022, to March 25, 2025, seeking damages for misleading statements regarding the company's financial practices and accounting policies [1][10]. Company Overview - BigBear.ai Holdings, Inc. is an artificial intelligence-driven technology solutions company that provides services in national security, supply chain management, and digital identity and biometrics [4]. Legal Proceedings - The class action lawsuit was filed in the United States District Court for the Eastern District of Virginia, with a deadline of June 10, 2025, for investors to apply as Lead Plaintiff [1][2]. - The complaint alleges that BigBear made materially false and misleading statements about its business operations and compliance policies, particularly regarding the accounting treatment of its 2026 Convertible Notes [10]. Financial Reporting Issues - BigBear disclosed on March 18, 2025, that certain financial statements since fiscal year 2021 should no longer be relied upon due to a material error in accounting for the 2026 Convertible Notes, leading to a significant drop in stock price [11]. - The 2024 10-K filing revealed that the conversion option embedded within the 2026 Notes was incorrectly deemed eligible for a scope exception, necessitating restatement of financial statements [12]. Business Combination - BigBear underwent a Business Combination with GigCapital4, Inc. in December 2021, resulting in the issuance of $200 million in unsecured convertible notes due December 15, 2026, with a 6.0% annual interest rate [5][6].

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged misstatements in financial reporting during the class period from March 31, 2022, to March 25, 2025 [1]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, providing solutions in national security, supply chain management, and digital identity and biometrics [3]. - The company underwent a business combination with GigCapital4, Inc., a special purpose acquisition company, which was completed on December 7, 2021, and subsequently issued $200 million in convertible notes maturing on December 15, 2026 [3]. Financial Reporting Issues - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 were unreliable and would be restated, particularly concerning the accounting treatment of the 2026 Notes, leading to a stock price drop of $0.52 (14.9%) to $2.97 per share [4]. - Following the filing of its 2024 10-K on March 25, 2025, BigBear disclosed that a conversion option in the 2026 Notes was incorrectly classified, resulting in a restatement of financial statements and identification of a material weakness in internal controls over financial reporting, causing another stock price decline of $0.32 (9.11%) to $3.19 per share [5].