BBAI SECURITIES NOTICE: Did BigBear.ai Holdings, Inc. Commit Securities Fraud? Contact BFA Law about the Class Action Lawsuit by June 10

Core Viewpoint - A lawsuit has been filed against BigBear.ai Holdings, Inc. and certain senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Company Overview - BigBear.ai is an AI-driven technology solutions company that focuses on operationalizing AI for national security, supply chain management, and digital identity and biometrics solutions [3]. - The company went public through a SPAC transaction, merging with GigCapital4 Merger Sub Corporation and subsequently with GigCapital4, Inc. [4]. Group 2: Financial Misstatements - BigBear.ai issued $200 million of unsecured convertible notes with a maturity date of December 15, 2026, but improperly accounted for these notes, leading to misstatements in previous financial statements [4]. - On March 18, 2025, BigBear.ai announced a delay in filing its 2024 10-K, stating that certain financial statements since fiscal year 2021 should no longer be relied upon and would be restated, resulting in a stock price decline of approximately 15% [5]. - Following the filing of the restated 2024 10-K on March 25, 2025, which disclosed a material weakness in internal control over financial reporting, the stock price fell by about 9% [6].