BBAI REMINDER: BFA Law Reminds BigBear.ai Holdings, Inc. Investors of the Imminent June 10 Deadline in Securities Fraud Class Action (NYSE:BBAI)

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]. Company Overview - BigBear.ai is an AI-driven technology solutions company that focuses on operationalizing AI through data analysis in sectors such as national security, supply chain management, and digital identity and biometrics [3]. Financial Misstatements - Following its public listing via a SPAC transaction, BigBear.ai issued $200 million in unsecured convertible notes, which were improperly accounted for, leading to misstatements in several financial statements [4]. - The company delayed the filing of its 2024 10-K, indicating that prior financial statements since fiscal year 2021 should not be relied upon and would be restated, resulting in a stock price decline of approximately 15% [5]. - After the restatement of its consolidated financial statements, BigBear.ai's stock price fell roughly 9% due to the disclosure of a material weakness in internal controls over financial reporting [6].