San Diego, CA -- (SBWire) -- 06/09/2022 --An investigation was announced for investors in NYSE: BBAI shares over potential breaches of fiduciary duties by certain directors at BigBear.ai Holdings, Inc.
Investors who purchased shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain BigBear.ai Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
Columbia, MD based BigBear.ai Holdings, Inc. provides analytics solutions defense, intelligence, and commercial markets.
In December 2021, BigBear.ai Holdings, Inc. and GigCapital4, a special purpose acquisition company, closed a business combination, and the combined company was renamed BigBear.ai Holdings, Inc.
On March 17, 2022, BigBear.ai Holdings, Inc. issued its fourth quarter 2021 earnings. BigBear.ai Holdings, Inc. reported that its annual Total Revenue rose from $73.62 million in 2019 to $145.57 million in 2021, and that its Net Income of $6.24 million in 2019 declined to a Net Loss of $123.55 million in 2020.For the fourth quarter, BigBear GAAP EPS and revenue fell substantially below analyst estimates.
Shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) closed on June 8, 2022, at $4.8642 per share.
Those who purchased shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
BigBear.ai Holdings, Inc. (NYSE:BBAI) Investor Alert: Investigation over Potential Wrongdoing
An investigation on behalf of investors in BigBear.ai Holdings, Inc. (NYSE:BBAI) shares over potential wrongdoing at BigBear.ai Holdings, Inc. was announced.