BBAI SHAREHOLDERS: BigBear.ai Holdings, Inc. (NYSE:BBAI) 15% Stock Drop Triggers Class Action – Contact BFA Law by June 10 if You Lost Money

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, providing insights in national security, supply chain management, and digital identity and biometrics [3]. Financial Events - BigBear.ai went public through a SPAC transaction, merging with GigCapital4 Merger Sub Corporation and subsequently with GigCapital4, Inc. The company issued $200 million in unsecured convertible notes with a maturity date of December 15, 2026 [4]. - The company improperly accounted for the 2026 Convertible Notes, leading to misstatements in previously issued financial statements [4]. Stock Performance - On March 18, 2025, BigBear.ai delayed the filing of its 2024 10-K, stating that certain financial statements since fiscal year 2021 should no longer be relied upon, resulting in a stock price decline of approximately 15$3.49 to $2.97 per share [5]. - Following the filing of the restated 2024 10-K on March 25, 2025, which disclosed a material weakness in internal controls, the stock price fell about 9$3.51 to $3.19 per share [6].