NEW YORK, NY - March 27, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are a BigBear investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On March 18, 2025, BigBear disclosed in a filing with the U.S. Securities and Exchange Commission (the “SEC”) a delay in filing its Annual Report on Form 10-K and a restatement for reasons related to the accounting treatment of the Company’s convertible notes due in 2026. BigBear announced that the financial statements for fiscal years 2022 and 2023, as well as the interim financial statements for each quarterly period in 2023 and 2024, will be restated. According to the SEC filing, the Company expects its 2023 and 2024 losses before income taxes to increase. For 2024, the Company expects to report a loss before income taxes for 2024 of $296.1 million (compared to the prior reported loss of $257.1 million) and a loss of $71.3 million for 2023 (compared to the prior reported loss of $60.3 million).
Following this news, the price of BigBear stock fell $.52 per share, nearly 15%, to close at $2.49 per share on March 18, 2025.
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If you have any questions about this investigation, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/bigbear-ai-holdings/
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