Press release
Investigation announced for Investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares
An investigation for investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares over potential securities laws violations.
Investors who purchased shares of BigBear.ai Holdings, Inc. (NYSE: BBAI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of BigBear.ai Holdings, Inc. (NYSE: BBAI) concerning whether a series of statements by BigBear.ai Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Columbia, MD based BigBear.ai Holdings, Inc. provides analytics solutions defense, intelligence, and commercial markets.
In December 2021, BigBear.ai Holdings, Inc. and GigCapital4, a special purpose acquisition company, closed a business combination, and the combined company was renamed BigBear.ai Holdings, Inc.
On March 17, 2022, BigBear.ai Holdings, Inc. issued its fourth quarter 2021 earnings. BigBear.ai Holdings, Inc. reported that its annual Total Revenue rose from $73.62 million in 2019 to $145.57 million in 2021, and that its Net Income of $6.24 million in 2019 declined to a Net Loss of $123.55 million in 2020.For the fourth quarter, BigBear GAAP EPS and revenue fell substantially below analyst estimates.
Shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) closed on March 22, 2022, at $6.20 per share.
Those who purchased shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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