Summary by Moomoo AI
BigBear.ai Holdings, Inc. (BigBear.ai), listed on the New York Stock Exchange under the symbol 'BBAI', has announced a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. (Cantor) to sell shares of its common stock. The agreement allows BigBear.ai to offer and sell shares with an aggregate offering price of up to $150,000,000 through Cantor, acting as a sales agent. The common stock is valued at $0.0001 per share, and the last reported sale price was $1.48 per share as of May 9, 2024. The sales are to be made in 'at the market offerings' as defined by the Securities Act of 1933. Cantor will use commercially reasonable efforts to sell the common stock, receiving up to 3.0% of the gross proceeds as compensation. BigBear.ai is classified as an 'emerging growth company' and is subject to reduced public company reporting requirements. The prospectus supplement for this offering was filed on May 10, 2024.