Summary by Moomoo AI
BigBear.ai Holdings, Inc., a Delaware-based company, filed a Form 8-K with the SEC on March 27, 2024, reporting the audited financial statements of Pangiam Ultimate Holdings, LLC for the fiscal years ended December 31, 2023, and 2022. The report included consolidated balance sheets, statements of operations, comprehensive income, changes in members' deficit, and cash flows. The unaudited pro forma condensed consolidated combined balance sheet and statement of operations for BigBear.ai Holdings and Pangiam as of December 31, 2023, were also provided. The independent auditors, PricewaterhouseCoopers LLP, expressed an unqualified opinion on the financial statements, indicating they present fairly, in all material respects, the financial position and results of operations in accordance with US GAAP. The report also detailed the merger agreement with BigBear.ai Holdings, which was completed on February 29, 2024, with BigBear.ai Holdings issuing shares as consideration based on an agreed enterprise value of $70 million.