INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of BigBear.ai

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BigBear.ai Holdings, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading financial statements and accounting practices [3][5]. Group 1: Allegations and Financial Impact - The complaint alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain transactions [5]. - BigBear incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for a derivative scope exception, leading to improper accounting for these notes [5]. - The company’s financial statements since fiscal year 2021 should no longer be relied upon and will require restatement, increasing the risk of delayed filings with the SEC [6][8]. Group 2: Stock Price Reaction - Following the announcement of the delayed filing of its 2024 10-K, BigBear's stock price dropped approximately 15%, from $3.49 on March 17, 2025, to$2.97 on March 18, 2025 [7]. - After the filing of the restated 2024 10-K on March 25, 2025, the stock price fell about 9%, from $3.51 to$3.19 on March 26, 2025 [9]. Group 3: Legal Proceedings - Investors who suffered losses in BigBear.ai are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of June 10, 2025, to seek the role of lead plaintiff in the class action [3][10]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding BigBear's conduct [11].