New York, Jan 30, 2026, 09:25 EST — Premarket
Shares of BigBear.ai Holdings Inc (BBAI) fell 8.2% to $5.52 in premarket trade on Friday.
In a proxy filing, BigBear.ai said a special meeting will reconvene on Feb. 18 to vote on lifting the number of authorized common shares to 1 billion from 500 million. Authorized shares are the ceiling on stock a company can issue, and raising it can fuel dilution fears if more shares are sold. The company said approval would give it additional equity to support financing, retention awards and potential strategic relationships. 1
BigBear.ai said on Jan. 28 it struck a strategic partnership with Maqta Technologies, the digital arm of Abu Dhabi’s AD Ports Group, to explore AI customs and border operations systems for governments and port operators, and did not disclose financial terms. CEO Kevin McAleenan said the partnership “combines BigBear.ai’s extensive domain expertise in AI and customs with AD Ports Group’s global leadership in ports management and logistics.” AD Ports Group CEO Captain Mohamed Juma Al Shamisi called it a “significant step” for AI-driven digital trade and customs solutions. 2
Peer AI names were also lower in premarket trade, with Palantir Technologies down 3.5% and C3.ai off 6.6%.
Separately, Pomerantz LLP said on Thursday it was investigating claims on behalf of BigBear.ai investors. 3
BigBear.ai markets decision-intelligence and analytics products aimed at defense and homeland security work, among other areas, according to the company. 4
But expanding the share cap does not itself issue stock, and the next step matters more than the paperwork. If the proposal passes, investors will look for clues on how quickly management taps the new authorization; if it fails, BigBear.ai may have less flexibility for financings and share-based pay.
The Maqta partnership is also early-stage. Government and port projects can take months to turn into signed contracts, and the market tends to punish gaps between announcements and booked revenue.
The next catalyst is the vote itself. On BigBear.ai’s proxy-vote site, the company said online votes are due by 11:59 p.m. ET on Feb. 17, ahead of the Feb. 18 reconvened special meeting. 5
