BIGBEAR ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against BigBear.ai Holdings, Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for allegedly making materially false and misleading statements regarding its business operations and financial reporting [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Virginia on behalf of all individuals and entities who purchased BigBear securities between March 31, 2022, and March 25, 2025 [1]. - Investors have until June 10, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against BigBear - The lawsuit alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [3]. - It is claimed that BigBear incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for the derivative scope exception under ASC 815-40 and failed to bifurcate the conversion option as required by ASC 815-15 [3]. - As a result of these errors, BigBear allegedly misaccounted for the 2026 Convertible Notes, leading to inaccuracies in previously issued financial statements that may need to be restated [3]. - The company is said to require additional time and expense to correct these inaccuracies, increasing the risk of delays in filing financial reports with the SEC [3]. - Consequently, the public statements made by BigBear were claimed to be materially false and misleading throughout the relevant period [3].