BBAI COURT DEADLINE: BigBear.ai Holdings, Inc. (NYSE:BBAI) Investors with Losses have Until June 10 before the Expiration of the Class Action Deadline

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 Misstatements - Following its public listing via a SPAC transaction, BigBear.ai issued $200 million of unsecured convertible notes with a maturity date of December 15, 2026. The company improperly accounted for these notes, leading to misstatements in its financial statements [4]. Stock Performance and Impact - On March 18, 2025, BigBear.ai announced a delay in filing its 2024 10-K, stating that prior financial statements since fiscal year 2021 should not be relied upon, resulting in a stock price decline of approximately 15%, from$ 3.49 to $2.97 per share [5]. - Following the restatement of its financial statements on March 25, 2025, which revealed a material weakness in internal controls, the stock price fell again by about 9%, from$ 3.51 to $3.19 per share [6].