BIGBEAR.AI HOLDINGS (NYSE: BBAI) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by June 10, 2025

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged failures in financial disclosures and accounting practices 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. in June 2021, resulting in the issuance of $200 million in convertible notes with a maturity date of 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 per share (14.9%) to close at $2.97 [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, BigBear's stock fell by $0.32 per share (9.11%) to close at $3.19 [6].