Press release
Investigation announced for Long-Term Investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) over possible Wrongdoing
An investigation on behalf of investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares over potential wrongdoing.
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 concerns whether certain BigBear.ai Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 June 3, 2022, at $5.37 per share.
Those who purchased shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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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