BigBear.ai Holdings Inc.
BigBear.ai Announces Proposed Acquisition of Pangiam
Summary
BigBear.ai Holdings, Inc. announced on February 6, 2024, the proposed acquisition of Pangiam Intermediate Holdings, LLC, a leader in Vision AI for global trade, travel, and digital identity industries. The acquisition aims to bolster BigBear.ai's portfolio and accelerate growth in national security, supply chain management, and digital identity. The deal involves an all-stock transaction, with approximately 49.5 million shares to be issued immediately and the remainder following a post-closing purchase price adjustment. The acquisition is expected to close shortly after the stockholder meeting scheduled for February 27, 2024, pending necessary approvals. Pangiam's financial results will be included in BigBear.ai's consolidated results starting from March, reflecting approximately one month of Pangiam's performance.
Profitelligence Alerts
Get alerts for BBAI
Be first to know when BigBear.ai Holdings Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About BigBear.ai Holdings Inc.
BigBear.ai Holdings Inc. is a technology company that specializes in artificial intelligence (AI) driven analytics and insights. The primary function of BigBear.ai is to develop and deploy intelligent solutions tailored to assist organizations in decision-making processes. These solutions leverage machine learning, data science, and predictive analytics to offer actionable intelligence in various scenarios. Notably, BigBear.ai's offerings impact sectors such as defense, healthcare, logistics, and energy, where precise, data-driven decisions are crucial. The company focuses on providing robust platforms that facilitate data integration, processing, and interpretation to derive meaningful patterns and trends. Headquartered in Columbia, Maryland, BigBear.ai Holdings Inc. plays an integral role in the market by offering tools that help businesses optimize operations and strategize effectively in increasingly complex environments.
Official SEC Documents
Advertisement